barclays africa -spon adr
Transactions by BARCLAYS AFRICA -SPON ADR (AGRPY) in the last 6 months
Barclays Africa Group Limited (JSE:BGA) agreed to acquire 63.3% stake in First Assurance Co. Ltd. for KES 2.9 billion on June 10, 2015. As a part of transaction, about KES 700 million of the total consideration of KES 2.9 billion deal would go towards a capital injection. First Assurance, recorded a profit after tax of KES 518 million in 2014. The deal is subject to regulatory approval in South Africa, Kenya and Tanzania, where First Assurance also operates.
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