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Simba Corp to acquire full control of vehicle assembler

Simba Corporation chief executive Adil Popat during an interview. PHOTO | DIANA NGILA | NMG

By  MUTHOKI MUMO  &  Victor Juma

Simba Corporation is set to take full ownership of Mombasa-based Associated Vehicle Assemblers (AVA) after it received regulatory approval to acquire the stake held by Marshalls East Africa.

The AVA is currently owned on a 50/50 basis by Simba and Marshalls.

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