Liberty Holdings Limited (JSE:LBH) intents to acquire additional 6.5% stake in Liberty Kenya Holdings Plc (NASE:LBTY) from Coronation Universal Fund - Coronation Africa Frontiers Fund (ISE:) managed by Coronation Global Fund Managers (Ireland) Limited for approximately KES 380 million on March 4, 2021. In the acquisition, Liberty Holdings Limited (JSE:LBH) will acquire 34.7 million shares at a price of KES 11 per share. In the related transaction, Liberty Holdings Limited (JSE:LBH) agreed to acquire 9.2% stake from Kimberlite Frontier Africa Master Fund, L.P managed by 337 Frontier Capital, L.P. The transaction is subjected to approval from Capital Markets Authority, the Commissioner, the South African Prudential Authority, the Financial Surveillance Department of the South African Reserve Bank, the Tanzanian Fair Competition Commission.