Centum changes tack on Two Rivers unit after SEZ licence

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Centum Investment Group CEO James Mworia. FILE PHOTO | NMG

Centum Investments Plc has shelved plans to dilute its stake in its real estate subsidiary Two Rivers Development Ltd (TRDL) following gazettement as a special economic zone (SEZ).

Centum holds a 58 percent stake in TRDL, which in turn holds a 50 percent stake in Two Rivers Lifestyle Centre Ltd, popularly known as the Two Rivers Mall.

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