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Centum makes history with Longhorn stake buy

Brokers trade on the floor of the NSE. Centum now directly holds 164,014,078 ordinary shares in Longhorn. PHOTO | FILE

Centum Investments has become the first firm to gain controlling stake in another Nairobi Securities Exchange-listed firm through a cash call.

A Sh390 million investment in a Longhorn Publishers cash call raised its stake from 31.25 per cent to 60 per cent.

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Note: The results are not exact but very close to the actual.

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