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Cold Solutions to sell 22pc stake to SA private equity firm for Sh2.6bn
Kenya Medical Supply Authority (Kemsa) transfer cartons containing vaccine doses into a cold storage facility at their warehouse in Kisumu on March 4, 2021.
Logistics firm Cold Solutions is selling a 21.6 percent stake to South African private equity company Inspired Evolution at an estimated Sh2.58 billion ($20 million) as it seeks capital to expand operations in Kenya and the wider East African region.
Inspired Evolution, through its Evolution III Fund, is seeking regulatory approval from the Comesa Competition Commission (CCC) to acquire the minority shareholding.
