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Quick Mart, Tumaini form giant retailer after merger

A Tumaini Supermarket branch in Nairobi. FILE PHOTO | NMG

Sokoni Retail Kenya, a special purpose vehicle controlled by private equity firm Adenia Partners has concluded a deal to acquire a majority stake at emerging retailer Quick Mart at an undisclosed amount.

The process, already approved by industry regulator Competition Authority of Kenya (CAK), will see Sokoni merge the operations of Quick Mart and Tumaini Self Service to form a single retail operation that is set to give the investor a stronger footing in Kenya’s competitive formal retail space.

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