Chris Kirubi | Africa Inc.

Shareholder Chris Kirubi buys additional US$835k worth of Centum shares

January 28, 2021January 28, 2021 Frank

KENYA – Investor Chris Kirubi has purchased an additional 5.75 million shares of Centum Investment Company with a current market value of US$835,224, embarking on his target of acquiring an extra 20 per cent stake in the Nairobi Securities Exchange-listed firm. The businessman announced on March 23 last year that he would up his stake to 49.99 per cent from the 30 per cent he held at the time, with the move coming after the share price fell further as the Covid-19 pandemic induced panic trades at the Nairobi bourse.…

Businessman Chris Kirubi to acquire half of Centum Plc following nod by CMA

March 24, 2020March 24, 2020 Frank

KENYA – Businessman and industrialist Dr. Chris Kirubi is set to pay about KSh3 billion (US$28.2m) for an additional 19.9 per cent shareholding and own half of Centum Investment Company PLC, following a go-ahead by the Capital Markets Authority (CMA) to acquire more shares. Mr Kirubi, who currently holds 30% shareholding in Centum, has received an exemption from the CMA to increase his shareholding at the firm to 49.9%, without having to make a mandatory takeover offer to other shareholders. He will buy the additional shares from other shareholders selling…