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Barclays Africa acquires East African insurance firm

BarclaysAfrica Group Ltd. said in its 2015 annual report that it 63% of the issuedordinary share capital of the East African insurer First Assurance Company Ltd.effective Oct. 30, 2015.

According to the annual report available March 1, thetransaction is currently under purchase price allocation consideration as thenet asset value is yet to be finalized and agreed upon by the buying andselling parties.