Almasi Gets Juicy

A year after Centum took control of K-Rep Bank, Almasi Beverages and Genesis Kenya, they are now seeking more shares of Almasi.

In December, they were reported to have made an offer of Kshs 6 per share to minority shareholders of Almasi, a sum that they term as a 20% premium to when the company was formed in 2013. Payment will be within 10 days of the closing date f the offer to shareholders who accept and provide original share  certificates.

This came after Centum shareholders had ratified the acquisition of an additional shareholding of  3% in Almasi (for Kshs 182 million) – resulting in Almasi Beverages becoming a subsidiary in which Centum holds an aggregate of 50.95% of the issued share capital.

$1 = Kshs 102.