Eveready seeks Sh160m shareholder loan to boost working capital

Eveready East Africa’s premises in Nakuru.  

Photo credit: File | Nation Media Group

Eveready East Africa Plc is seeking a Sh160 million loan from one of its existing shareholders to shore up its cashflow position weighed down by declining sales and persistent losses.

The Nairobi Securities Exchange-listed company says an undisclosed shareholder has expressed interest in providing the loan to bolster its operations.

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