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Blow for RVR as suitor pulls out of sale talks

Rift Valley Railways head office in Nairobi. The firm is facing stiff competition in the wake of the completion of the standard gauge railway. [Photo: File/ Standard]

Rift Valley Railways (RVR) has lost a prospective buyer amid a controversial plan to prematurely terminate its 25-year concession contract to run the country’s railway service.

Emerging Capital Partners (EPC), a pan-African private equity firm, announced yesterday it had pulled out of negotiations to acquire the railway operations currently held by Egypt’s Qalaa Holdings.

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