The deal is still subject to regulatory approval.
Old Mutual
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- Hot News
Iain Williamson-led Old Mutual plans strategic acquisition in West Africa to deepen operations
Old Mutual is a pan-African investment, savings, insurance and banking group.
- Hot News
Kenyan businessmen Joe Wanjui and James Muguiyi sell UAP shares worth a total of $29.6 million
The transaction raised Old Mutual Holdings’ stake in UAP from 60.7 to 66.7 percent.
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Rague’s appointment comes after the board announced the retirement of its outgoing chairman, Joseph Barrage Wanjui.