Sugar firm faces Sh972m farmers claim
Farmers and former employees have sued Transmara Sugar Company claiming Sh972 million.
Source: businessdailyafrica.com
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Mauritian firm eyes more buyouts after Naivas deal
Mauritian conglomerate IBL Group is stepping up its regional investments after recently acquiring a 26.32 per cent stake in supermarket chain Naivas Limited for $100 million (Sh12.2 billion).
Source: businessdailyafrica.com
Kenya's retailers hungry for private equity firms' funds for survival
While local retailers are struggling to break even, foreign investors and particularly PE funds are salivating over the country’s retail sector.
Source: theeastafrican.co.ke
Naivas is priced 10 times its book value in blockbuster transaction
The sale of a 40 percent stake in Naivas supermarket in June to a consortium of international investors valued the chain at 10 times its book value.
Source: businessdailyafrica.com
Proparco of France buys Sh3.7bn Naivas Supermarket stake
Naivas had earlier announced that Proparco, Mauritian conglomerate IBL Group and German sovereign wealth fund DEG were taking a minority interest.
Source: businessdailyafrica.com