Amethis Fund II to acquire minority stake in Kenyan retail chain Naivas

KENYA – Amethis Fund II, Paris-based private equity fund is set to acquire a minority equity stake of 30 percent in Kenyan retail chain Naivas Limited in a deal estimated to be worth billions of shilling. Sources familiar with the transaction told the Business Daily that talks to conclude the transaction are at an advanced stage with the parties now awaiting regulatory approval before making a formal announcement. The investment follows the fund manager’s 2017 announcement when it sought Sh36 billion for investment in 11 countries including Kenya through Amethis…

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