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Two Tuskys shareholders snub Sh2bn debt deal, seek stake sale
Yusuf Mugweru (left), one of the Tuskys Supermaket directors, and his lawyer Philip Murgor consult at Murgor & Murgor Advocates on September 23, 2020. PHOTO | DIANA NGILA | NAIROBI
Two minority shareholders of Tuskys are seeking to sell their combined stake of 27.5 percent in the retailer, taking a different path from that of their siblings who Tuesday voted to obtain a Sh2.1 billion loan to rescue the company.
Orakam Holdings — the investment vehicle which fully owns Tuskys — said a majority of its shareholders approved the raising of the debt from an offshore fund.
