Kenya’s Britam Asset Managers acquires $13.8 mln stake in Gulf Energy

01/23/2019 7:54:00 AM (GMT)

Britam Asset Managers, a subsidiary of Kenyan investment holding company Britam Holdings PLC, has acquired a stake in an electricity producer Gulf Energy via a U.S.-based investment firm Everstrong Capital.

Britam Asset has invested 1.4 billion Kenyan shillings ($13.8 million) in the stake of Gulf Energy.

Britam, which has $1.6 billion in assets under management, said that the power deal will diversify its portfolio.

The company is seeking to diversify its investments beyond equities, real estate and bonds.

Britam Asset Managers

All success stories are prepared by Investsize editors which is selecting elite and remarkable information from press releases and anonymous news sources.There is no charge applied for any success stories which is published . Those published success stories are not investment advices and doesnt offer recommendations Alternate Text