Marshalls gets Sh824m from vehicle assembly plant sale
2 months ago, 16 Jan 10:02
Marshalls East Africa, which was delisted from the Nairobi Securities Exchange #ticker:NSE last year, has earned Sh824 million from the sale of its 50 per cent stake in Mombasa-based Associated Vehicle Assemblers (AVA) to Simba Corporation. A source familiar with the transaction told the Business Daily that the deal was recently concluded, giving Simba full ownership of the assembler. READ: Simba Corp CEO appointed new executive chair The parties had not disclosed the value of the deal when it w ...
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