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Umeme suspends trading as Actis sells 14.3pc stake

Investors buy Umeme shares during its IPO in 2012. PHOTO | FILE

Umeme shares will stop trading as British private equity (PE) fund Actis sells off its remaining 14.3 per cent stake in the Ugandan power firm by next Tuesday.

Actis, which holds the stake in Umeme through subsidiary Umeme Holdings Ltd, had previously sold off a 45.1 per cent stake in the power firm in June 2014, scaling down from 60 per cent.

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