A New York-based private equity fund’s bid for a Sh3.5 billion stake in Uchumi Supermarkets #ticker:UCHM has collapsed, putting an Asian investor in pole position to buy into the struggling retail chain.
Kuramo Capital, which is also the single-largest shareholder of NSE-listed investment firm TransCentury #ticker:ICDC, has since early last year been in quiet negotiations to take over a significant stake in Uchumi.
