ICEA Lion buys Sh32m stake in property fund

ICEA Lion Asset Management CEO Einstein Kihanda. PHOTO | SALATON NJAU | NMG

ICEA Lion Asset Management Limited has bought five million units (shares) valued at Sh32.5 million in property investment fund Ilam Fahari I-Reit which it manages.

The asset manager said the share purchases were normal trades on the Nairobi Securities Exchange (NSE) #ticker:NSE and reflected prevailing market prices.

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