asset Mutual has been give approval by the Competition Authority of Kenya ( uk ) to buy a further 40 % stake in the holding company of Centum 's Two Rivers Mall Project . The UK - based company had invested KES 6.4bn ( $ 63 billion ) in asset Rivers asset Center ( TRLC ) in the form of equity and convertible debt , thereby giving it a 10 % stake and an option to turn the loan into an extra 40 % stake in the firm .
Old Mutual has been give approval by the Competition Authority of Kenya (CAK) to buy a further 40% stake in the holding firm of Centum's Two Rivers Mall Project. The UK-based company had invested KES 6.4bn ($63m) in Two Rivers Lifestyle Center (TRLC) in the form of equity and convertible debt, thereby giving it a 10% stake and an option to turn the loan into an extra 40% stake in the firm.