Centum strategy signals larger Deacons stake

Centum Investment chief executive James Mworia. PHOTO | SALATON NJAU | NMG

Centum #ticker:ICDC is likely to buy more shares in Deacons after signing an agreement to acquire a 5.53 per cent stake in the fashion retailer from private equity firm Aureos East Africa Fund for an undisclosed amount.

The Nairobi Securities Exchange-listed firm has a policy of selling minority stakes in companies it does not control.

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