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Barclays Africa buys majority stake in Kenyan insurer First Assurance

( April 7, 2016, 15:06 GMT | Insight) -- Barclays Africa has announced its acquisition of a majority stake in Kenyan insurance company First Assurance, Kenyan news outlet Standard Digital has reported. The purchase of a 63.3 percent controlling stake, bought for 374 million rand ($24 million), wa...Barclays Africa has announced its acquisition of a majority stake in Kenyan insurance company First Assurance, Kenyan news outlet Standard Digital has reported. The purchase of a 63.3 percent controlling stake, bought for 374 million rand ($24 million), was formalized at an event, following regulatory approval. Barclays Life Assurance Kenya was formed last year, and will manage the merged entity....

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