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| TransCentury Ltd, a regional infrastructure company has exited RVR after it sold its shareholding in the firm to Africa Railways, a subsidiary of Citadel Capital of Egypt. [PHOTO: FILE/STANDARD] |
By JACKSON OKOTH
NAIROBI, KENYA: The Nairobi Securities Exchange (NSE) listed firm, TransCentury Limited has finally sold out its entire stake in the Kenya–Uganda rail concessionaire Rift Valley Railways (RVR) to Africa Railways — a subsidiary of Citadel Capital of Egypt. The transaction, whose value has not been disclosed, was executed yesterday, bringing Citadel’s total ownership of RVR to 85 per cent, up from 51 per cent.
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