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FEP Group’s energy subsidiary seeks Chinese suitor to sell 40pc stake

Fountain Enterprise Programme Group chief executive Maurice Korir. PHOTO | FILE

Investment group Fountain Enterprise Programme (FEP) Group is shopping for a deep-pocketed Chinese investor to acquire a minority stake in its energy-focused subsidiary that recently landed big-ticket deals in Africa.

The investment group, partly backed by the Kenyan diaspora, is seeking to offload a 40 per cent stake in Fountain Technologies, a wholly-owned unit that focuses on energy, IT and infrastructure works.

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