Scangroup set for Sh480m more from unit stake sale

Scangroup CEO Bharat Thakrar. FILE PHOTO | NMG

Marketing services firm Scangroup #ticker:SCAN could receive an additional Sh480 million from the disposal of its 60 percent stake in its subsidiary Kantar Africa.

The extra compensation is in the form of profit-sharing in the unit for the period leading up to the conclusion of the transaction and payouts tied to the unit’s indebtedness.

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