Ratio Magazine :: The Inside Track to East Africa’s Economies - Press Releases: Centum Offers 10% Stake in Rift Valley Railways Investment (RVRI) to Shareholders

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Press Releases: Centum Offers 10% Stake in Rift Valley Railways Investment (RVRI) to Shareholders

Monday, 29 March 2010

Centum Investment Company Ltd, in line with its new investment strategy, has offered its entire 10% stake in the Rift Valley Railways Investment (RVRI) to the rest of the shareholders through a pre-emptive offer process as outlined in the RVRI shareholders agreement. This offer to the remaining shareholders of the RVRI is for a consideration of USD4.5m. The Board of Directors of RVRI has approved the proposal.

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