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/