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Kenya: Press Releases: CFC Stanbic Holdings Issue Cautionary Announcement |
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Monday, 31 August 2009 |
Under the Capital Markets Act (Cap 485A), CFC Stanbic Holdings (CSH) advise shareholders that the company is in the process of streamlining its group corporate structure, which could lead to potential consolidation and restructuring of some of its insurance businesses. This re-alignment may involve the introduction of a strategic partner to some of the businesses and a probable separate listing of these businesses on the Nairobi Stock Exchange. Shareholders are advised to exercise caution in dealing with their shares in CSH pending a further, detailed announcement, should these discussions reach a successful conclusion.
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