Liberty Holdings Limited (JSE:LBH) made an offer to acquire an additional 9.2% stake in Liberty Kenya Holdings Plc (NASE:LBTY) from The Rock Creek Group, LP, fund managed by Kimberlite Frontier Africa Master Fund, L.P.,Vanderbilt University and Conrad N. Hilton Foundation Inc. for approximately KES 540 million on March 4, 2021. In related transaction, Liberty Holdings Limited intents to acquire additional 6.5% stake in Liberty Kenya Holdings Plc from Coronation Universal Fund - Coronation Africa Frontiers Fund (ISE:) managed by Coronation Global Fund Managers (Ireland) Limited for approximately KES 380 million. The transaction is subjected to approval from Capital Markets Authority, the Commissioner, the South African Prudential Authority, the Financial Surveillance Department of the South African Reserve Bank, the Tanzanian Fair Competition Commission.
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- Liberty Holdings Limited made an offer to acquire 9.2% stake in Liberty Kenya Holdings Plc from The Rock Creek Group, LP, fund managed by Kimberlite Frontier Africa Master Fund, L.P.,Vanderbilt University and Conrad N. Hilton Foundation Inc. for approximately KES 540 million.