Nairobi, Kenya, 24th June 2015. We are pleased to announce that NSSF Uganda has completed the purchase of a 2.44% stake in Equity Group Holdings Limited (“Equity Group”) from Helios at a price of Kenya Shillings fifty (50/=) per share.
Commenting on the transaction, Babatunde Soyoye, Managing Partner of Helios, said:
“We are pleased to introduce NSSF Uganda who share Equity Group’s core values of partnership, promoting financial inclusion and strong corporate governance. We are proud to have played a role in the bank’s growth and success to date and look forward to continuing our support to Equity Group as it extends its mission of positively impacting the communities within which it operates.”
Richard Byarugaba, Managing Director of NSSF Uganda, reaffirmed NSSF Uganda’s interest in Equity Group saying:
“The Fund is pleased to become a shareholder in Equity Group, a fast growing financial services institution within East Africa and beyond. The investment into Equity Group broadens NSSF Uganda’s investment portfolio in the wider East African region in keeping with the fund’s long term plans to diversity our investments into market-leading companies across various sectors within the region.”
Helios’ transaction advisors were Anjarwalla & Khanna Advocates supported by MMAKS Advocates in Uganda. NSSF Uganda was advised by African Alliance Uganda.
For more information, please see here.