Centum calls off plans to acquire 5.53 per cent Deacons stake

Centum’s chief executive James Mworia. FILE PHOTO | NMG

Centum Investment #ticker:ICDC has cancelled plans to acquire a 5.53 per cent stake in fashion retailer Deacons East African from private equity firm Aureos East Africa Managers.

Aureos issued a statement in July announcing it had signed an agreement to sell all of its 6.8 million shares in Deacons to the Nairobi Securities Exchange-listed firm.

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