NSE-listed infrastructure company TransCentury is set to give sweeping powers to new shareholder Kuramo Capital as part of a deal that will see the struggling firm receive Sh2 billion debt and equity investment from the New York-based private equity firm.
The Nairobi Securities Exchange-traded firm says in a circular to shareholders that Kuramo will have veto powers on a range of decisions including sale of assets, issuance of new shares, compensation, hiring and removal of its chief executive and chief financial officer.
