Businessman Ndindi Nyoro has acquired a stake worth Sh29.8 million in Olympia Capital. Mr Nyoro who is also the Member of Parliament for Kiharu Constituency acquired the stake through his investment firm which is known as Limpopo Capital Limited.
The stake acquired by Nyoro comprises of 3,982,253 shares. It placed him as the third largest shareholder in Olympia Capital. Olympia is currently listed at the Nairobi Securities Exchange (NSE).
Reports suggest that this is not the only acquisition that Mr Nyoro will be making. Apparently, he is aiming to acquire additional shares in this company that will push his stake to 25 percent.
By holding 25 percent of the company, Nyoro will have met the set threshold to declare his intention of taking over this business, which he is aiming to convert into an investment firm.
This company is currently trading at a share price range of between Sh7 and Sh 8 apiece. A spot check by Bizna Kenya shows that as at the end of trading on October 27th, Olympia had a 52- week high of Sh9 per share and a low of Sh6 per share.
On this day under review, the counter closed at an average trading price of Sh7.22 per share
Read More: Are inexperienced investors copying Ndindi Nyoro when buying shares?
“The plan is to transform the company into some kind of Berkshire Hathaway [investment business],” Nyoro told local media.
Nyoro has however said that if he is unable to acquire a controlling stake in the company, he will sell his newly acquired stake at a profit and exit the company altogether.
He revealed that he started acquiring his shares in this company in the year 2025.
“I started buying Olympia Capital Holdings in 2025. I thought I’d get enough supply to at least 25 percent but liquidity of the share is low,” said Nyoro.
“What I need to do with it can only happen when we have higher shareholding. If it’s difficult, then we will exit [sell off our shares].”
