Qalaa Holdings in negotiations to divest RVR
Published by Rebecca Bowden,
Assistant Editor
World Cement,
Qalaa Holdings has confirmed that preliminary negotiations are ongoing with several local and international investors for the sale of its stake in Rift Valley Railways. Although no official agreement or offer has been reached thus far, Qalaa will continue to communicate further information as negotiations advance.
The decision to divest from RVR follows management’s conclusion that additional capital is needed to complete the company’s transformation programme. Until a sale agreement is reached, Qalaa will continue to provide operational and managerial support to RVR.
Read the article online at: https://www.worldcement.com/africa-middle-east/09012017/qalaa-holdings-in-negotiations-to-divest-rvr/
You might also like
The World Cement Podcast - A Roadmap to Sustainability
In this episode of the World Cement Podcast, we are joined by Antonio Carrillo, Vice President for Sustainability at Holcim. Tune in to hear a discussion covering everything from CCUS to the circular economy.
Tune in to the World Cement Podcast on your favourite podcast app today.
