{"id":28261,"date":"2015-01-08T18:42:40","date_gmt":"2015-01-08T15:42:40","guid":{"rendered":"https:\/\/www.capitalfm.co.ke\/business\/?p=28261"},"modified":"2015-01-08T18:42:40","modified_gmt":"2015-01-08T15:42:40","slug":"centum-kirubi-sell-uap-stake-to-old-mutual","status":"publish","type":"post","link":"https:\/\/www.capitalfm.co.ke\/business\/2015\/01\/centum-kirubi-sell-uap-stake-to-old-mutual\/","title":{"rendered":"Centum, Kirubi sell UAP stake to Old Mutual"},"content":{"rendered":"<p><div id=\"attachment_28262\" style=\"width: 640px\" class=\"wp-caption alignleft\"><a href=\"https:\/\/www.capitalfm.co.ke\/business\/files\/2015\/01\/MWORIA-KIRUBI.jpg\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-28262\" src=\"https:\/\/www.capitalfm.co.ke\/business\/files\/2015\/01\/MWORIA-KIRUBI.jpg\" alt=\"At the same time, Centum Chairman Dr Chris Kirubi has also agreed to sell his 9.58 stake in UAP to the same buyer\/MIKE KARIUKI\" width=\"630\" height=\"350\" class=\"size-full wp-image-28262\" srcset=\"https:\/\/www.capitalfm.co.ke\/business\/files\/2015\/01\/MWORIA-KIRUBI.jpg 630w, https:\/\/www.capitalfm.co.ke\/business\/files\/2015\/01\/MWORIA-KIRUBI-300x167.jpg 300w\" sizes=\"auto, (max-width: 630px) 100vw, 630px\" \/><\/a><p id=\"caption-attachment-28262\" class=\"wp-caption-text\">At the same time, Centum Chairman Dr Chris Kirubi has also agreed to sell his 9.58 stake in UAP to the same buyer\/MIKE KARIUKI<\/p><\/div><strong>NAIROBI, Kenya, Jan 8 &#8211; Centum Investment company has announced the sale of its 13.75 percent shareholding in UAP Holdings Limited to Old Mutual Group.<br \/>\n<\/strong><br \/>\nAt the same time, Centum Chairman Dr Chris Kirubi has also agreed to sell his 9.58 stake in UAP to the same buyer. <\/p>\n<p>\u201cWe are pleased to have been able to identify and sell our shares in UAP Group to a strategic investor, Old Mutual Group. The sale is in line with Centum\u2019s mission to be Africa\u2019s foremost investment channel by developing investment grade opportunities for other investors,\u201d CEO James Mworia said while commenting on the sale.<\/p>\n<p>Mworia says \u201cCentum together with the other shareholders and management of UAP Group has grown the firm to be one of the leading insurance and financial services groups in East Africa.\u201d<\/p>\n<p>Once the sale is completed, Old Mutual Holdings will hold 23.33 percent of the issued shares of UAP Holdings Limited.<\/p>\n<p>UAP has a network of branches and operational subsidiaries spread across the greater East and Central Africa region with its headquarters in Nairobi.<\/p>\n<p>\u201cCentum will continue developing other investment opportunities and delivering the same to both institutional and retail investors,\u201d Mworia said.<\/p>\n<p>Centum has been an investor in UAP Group for over 10 years.<\/p>\n<p>On the other hand, Old Mutual Group is a diversified financial services group providing investment, savings, life assurance, asset management, banking, property and casualty insurance in Africa, Europe, the Americas and Asia. <\/p>\n<p>The group has over 16 million customers and funds under management of over US$400 million (Sh36.4billion) as at December 31, 2013.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NAIROBI, Kenya, Jan 8 &#8211; Centum Investment company has announced the sale of its 13.75 percent shareholding in UAP Holdings Limited to Old Mutual Group. At the same time, Centum Chairman Dr Chris Kirubi has also agreed to sell his 9.58 stake in UAP to the same buyer. \u201cWe are pleased to have been able [&hellip;]<\/p>\n","protected":false},"author":13618,"featured_media":28262,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1,687],"tags":[],"coauthors":[699],"class_list":["post-28261","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-kenya","category-top-stories"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v25.7.1 (Yoast SEO v27.5) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Centum, Kirubi sell UAP stake to Old Mutual - Capital Business<\/title>\n<meta name=\"description\" content=\"NAIROBI, Kenya, Jan 8 - Centum Investment company has announced the sale of its 13.75 percent shareholding in UAP Holdings Limited to Old Mutual Group. At Kenya breaking news | Kenya news today |\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.capitalfm.co.ke\/business\/2015\/01\/centum-kirubi-sell-uap-stake-to-old-mutual\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Centum, Kirubi sell UAP stake to Old Mutual\" \/>\n<meta property=\"og:description\" content=\"NAIROBI, Kenya, Jan 8 - Centum Investment company has announced the sale of its 13.75 percent shareholding in UAP Holdings Limited to Old Mutual Group. At Kenya breaking news | Kenya news today |\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.capitalfm.co.ke\/business\/2015\/01\/centum-kirubi-sell-uap-stake-to-old-mutual\/\" \/>\n<meta property=\"og:site_name\" content=\"Capital Business\" \/>\n<meta property=\"article:publisher\" content=\"http:\/\/facebook.com\/capitalfmkenya\" \/>\n<meta property=\"article:author\" content=\"admin\" \/>\n<meta property=\"article:published_time\" content=\"2015-01-08T15:42:40+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.capitalfm.co.ke\/business\/files\/2015\/01\/MWORIA-KIRUBI.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"630\" \/>\n\t<meta property=\"og:image:height\" content=\"350\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"MARGARET WAHITO\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@capitalfmkenya\" \/>\n<meta name=\"twitter:site\" content=\"@capitalfmkenya\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"MARGARET WAHITO\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.capitalfm.co.ke\\\/business\\\/2015\\\/01\\\/centum-kirubi-sell-uap-stake-to-old-mutual\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.capitalfm.co.ke\\\/business\\\/2015\\\/01\\\/centum-kirubi-sell-uap-stake-to-old-mutual\\\/\"},\"author\":{\"name\":\"MARGARET WAHITO\",\"@id\":\"https:\\\/\\\/www.capitalfm.co.ke\\\/business\\\/#\\\/schema\\\/person\\\/87360499c1304f421364dd709eab7c41\"},\"headline\":\"Centum, Kirubi sell UAP stake to Old Mutual\",\"datePublished\":\"2015-01-08T15:42:40+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.capitalfm.co.ke\\\/business\\\/2015\\\/01\\\/centum-kirubi-sell-uap-stake-to-old-mutual\\\/\"},\"wordCount\":294,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/www.capitalfm.co.ke\\\/business\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.capitalfm.co.ke\\\/business\\\/2015\\\/01\\\/centum-kirubi-sell-uap-stake-to-old-mutual\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.capitalfm.co.ke\\\/business\\\/files\\\/2015\\\/01\\\/MWORIA-KIRUBI.jpg\",\"articleSection\":[\"Kenya\",\"Top Story\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.capitalfm.co.ke\\\/business\\\/2015\\\/01\\\/centum-kirubi-sell-uap-stake-to-old-mutual\\\/\",\"url\":\"https:\\\/\\\/www.capitalfm.co.ke\\\/business\\\/2015\\\/01\\\/centum-kirubi-sell-uap-stake-to-old-mutual\\\/\",\"name\":\"Centum, Kirubi sell UAP stake to Old Mutual - Capital Business\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.capitalfm.co.ke\\\/business\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.capitalfm.co.ke\\\/business\\\/2015\\\/01\\\/centum-kirubi-sell-uap-stake-to-old-mutual\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.capitalfm.co.ke\\\/business\\\/2015\\\/01\\\/centum-kirubi-sell-uap-stake-to-old-mutual\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.capitalfm.co.ke\\\/business\\\/files\\\/2015\\\/01\\\/MWORIA-KIRUBI.jpg\",\"datePublished\":\"2015-01-08T15:42:40+00:00\",\"description\":\"NAIROBI, Kenya, Jan 8 - Centum Investment company has announced the sale of its 13.75 percent shareholding in UAP Holdings Limited to Old Mutual Group. 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