Jubilee Holdings shareholders okay German deal
Jubilee Holdings Limited Group Chairman Nizar Juma makes a presentation during the 82nd Annual General Meeting in Nairobi, yesterday. Looking on is Company Secretary Margaret Kipchumba
The Star
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Article Author: Jubilee Holdings shareholders okay German deal
Media Source: The Star (Kenya)
Date: 15 December 2020
Jubilee Holdings Limited (JHL) shareholders have approved the sale of a stake in the group's business portfolio to Allianz. The African subsidiary of the global insurer and asset manager Allianz plans to buy an 8% stake in Kenya’s Jubilee Holdings. It will also have control of Jubilee's short-term general and medical insurance…
Jubilee Holdings Limited (JHL) shareholders have approved the sale of a stake in the group's business portfolio to Allianz. The African subsidiary of the global insurer and asset manager Allianz plans to buy an 8% stake in Kenya’s Jubilee Holdings. It will also have control of Jubilee's short-term general and medical insurance business in Burundi and Mauritius, forming Jubilee-Allianz General Insurance Limited. JHL will retain ownership of its Life and Pensions operations and its Medical insurance business in Kenya, Uganda and Tanzania.