CORRECTED-Bahrain's BKIC takes 10.8 pct stake in Takaful International

April 2, 2015 6:16 AM

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April 2 (Reuters) - Bahrain Kuwait Insurance Co, the kingdom's largest insurer, has taken a 10.8 percent stake in local firm Takaful International, becoming its fifth largest shareholder.

BKIC bought 6.7 million shares of Takaful International valued at 573,112 dinars ($1.52 million) from Kuwait's Osoul Investment Co, according to a statement on the Bahrain bourse.

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