TransCentury strikes Sh2bn shares deal

Mr Zephania Mbugua, TransCentury chairman. PHOTO | FILE | NATION MEDIA GROUP

What you need to know:

  • Besides the preference shares, the US-based Kuramo will also get 93.7 million ordinary shares equivalent to a 24.99pc stake in Transcentury.

Investment firm TransCentury is set to allocate 70,120 preference shares to Kuramo Capital as part of a transaction that will see the private equity firm inject $20 million (Sh2 billion) into the company.
Besides the shares, Kuramo will also get 93.7 million ordinary shares equivalent to a 24.99 per cent stake in the Nairobi Securities Exchange (NSE)-listed firm.

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