Nairobi bourse-listed automotive and engineering products seller Car & General (C&G) #ticker:C&G earned Sh412 million from the sale of a 50 per cent stake in its Cummins engines and generators distribution business to the franchise owner Cummins Inc, the company disclosed in its latest annual report.
The firm shifted from full ownership of the business to holding a 50 per cent equity in Cummins C&G Holdings Limited, the joint venture that the parties formed in April last year.
