NAIROBI, June 10 (Reuters) - Barclays Africa Group said onWednesday it had reached a deal to acquire a controlling stakein Kenya's First Assurance Ltd for 2.8 billion shillings ($28.84million).
"The planned acquisition of First Assurance is a goodstrategic fit for our business," Lanz Zulu, managing executivefor Barclays Africa's Wealth Management and Insurance business,told reporters at a press conference in Nairobi.
($1 = 97.1000 Kenyan shillings) (Reporting by Duncan Miriri; Writing by Drazen Jorgic; editingby Edmund Blair)