PROPOSED DISPOSAL OF STANLIB KENYA LIMITED’S BUSINESS IN CONNECTION WITH THE MANAGEMENT OF THE STANLIB FAHARI I-REIT TO ICEA LION ASSET MANAGEMENT LIMITED (2019)

PROPOSED DISPOSAL OF STANLIB KENYA LIMITED’S BUSINESS IN CONNECTION WITH THE MANAGEMENT OF THE STANLIB FAHARI I-REIT TO ICEA LION ASSET MANAGEMENT LIMITED (2019)

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Summary

STANLIB Kenya Limited ("SKL" or the “REIT Manager”) has informed The Co-operative Bank of Kenya Limited (as Trustee of the REIT) ("Trustee") that SKL has entered into a sale of business agreement (“Agreement”) with ICEA LION Asset Management Limited (“ILAM”) dated 6 November 2019, in terms of which SKL shall sell to ILAM certain assets of SKL, which form a substantial part of the assets of its business of managing funds, assets and investments of third parties in Kenya. ILAM will not assume any of the debts or liabilities of SKL in connection with or relating to that business

Source: Stanlib Asset Management

Published: 2019

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