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Cytonn acquires Sh1bn stake in Superior Homes ahead of NSE listing

Superior Homes Kenya managing director Ian Henderson (left) and Edwin Dande, the Cytonn Investments chief executive, sign a stake acquisition deal during a media briefing at The Stanley hotel in Nairobi on January 31, 2017. PHOTO | DIANA NGILA

Cytonn Investments has acquired a 25 per cent stake in family-owned Superior Homes Kenya Ltd, which intends to list on the Nairobi Securities Exchange (NSE) this year.

The acquisition deal for the Greenpark Estate developer signed in Nairobi on Tuesday is worth Sh1 billion.

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