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Centum set to buy 5.53 per cent stake in Deacons fashion retailer
Centum Investment Company chief executive officer James Mworia and Deacons Kenya CEO Muchiri Wahome (left) during Centum's investor briefing at Two Rivers mall, Nairobi, on June 8, 2016. FILE PHOTO | DIANA NGILA | NMG
Centum Investments #ticker:ICDC is set to buy a 5.53 per cent stake in Deacons #ticker:DCON following an agreement to purchase Aureos East Africa Fund's entire stake in the fashion retailer.
Aureos, through a notice sent by the NSE to investors, has indicated that the private equity fund is ceding its 6.8 million shares in Deacons to Centum in a transaction whose value has not been disclosed.
