Centum plans sale of real estate subsidiary

Centum CEO James Mworia. FILE PHOTO | NMG 

Centum Investment Company Plc plans to sell part or all of its shareholding in its property development subsidiary Centum Real Estate Limited that was valued at Sh16.6 billion in the year ended March.

The proposed transaction is expected to result in major capital gains for the Nairobi Securities Exchange-listed firm besides reducing the concentration of its assets in the real estate sector.

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