Billionaire Chris Kirubi keen on bourse for Centum
Billionaire Chris Kirubi. Mr Kirubi Wednesday denied being favoured in the awarding of government contracts. FILE PHOTO
What you need to know:
- Centum Investment has seen its price increase by 51 per cent since he made his announcement last September.
- In the past 12 months the price of the shares has risen by about 150 per cent, making it increasingly expensive to buy the stock.
Billionaire businessman Chris Kirubi is still keen on his target shareholding at Centum Investments.
“I have not yet managed to buy. I am still waiting for a favourable time,” said Mr Kirubi during a phone interview.
Mr Kirubi sought shares in the investment firm last September with the intention of raising his shareholding to 29.9 per cent by buying 32.65 million shares.
His current stake stands at 24.99 per cent and he remains the single largest individual shareholder. He also chairs the company’s board of directors.
EXPENSIVE TO BUY
Centum Investment has seen its price increase by 51 per cent since he made his announcement last September.
In the past 12 months the price of the shares has risen by about 150 per cent, making it increasingly expensive to buy the stock.
Centum is among the companies bidding to take over agricultural firm Rea Vipingo Plantations (RVP), having quoted Sh75 per share.
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