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Moroccan firm buys 51pc stake in Monarch Insurance

Moroccan firm buys 51pc stake in Monarch Insurance Summary Moroccan conglomerate Holmarcom Group, through its holding company, Holmarcom Insurance Activities, has acquired a majority stake in Kenyaโ€™s Monarch Insurance. The firms said Monday the agreement which is subject to certain closing conditions, including regulatory approvals in Kenya is expected to see Holmarcom Insurance Activities become the majority shareholder of the company with a stake of 51 percent. Tuesday May 25 2021 Monarch I...
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