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Mauritian firm buys major stake in Transmara Sugar

Mauritian firms are reputed to produce cheap sugar helped by modern equipment and factory efficiency. PHOTO | FILE

The Competition Authority of Kenya has allowed a Mauritian company to acquire a controlling stake in Transmara Sugar, indicating foreign investors’ big appetite for Kenya’s sugar industry.

The acquiring firm, Sucriere Des Mascareignes Limited (SML), is a subsidiary of the Mauritius-headquartered Alteo.

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