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Economy

Deacons names transaction advisers to handle NSE listing

A customer shops at a Deacons outlet. PHOTO | FILE
A customer shops at a Deacons outlet. PHOTO | FILE 

Clothing and household goods retailer Deacons Thursday named the transaction team that will handle its fresh push to list on the Nairobi Securities Exchange.

Kestrel Capital are its transaction advisers, Coulson Harney its legal advisors while Deloitte & Touche its reporting accountants.

Deacons board of directors chairman Peter Gichuru Njoka said the listing would help the retailer to improve its access to financing for its ambitious expansion programme.

“The primary purpose of the listing is to offer the company and its shareholders, liquidity, exit options and price discovery in relation to the shares,” said Deacons Chairman Peter Gichuru Njoka.

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