Dubai group makes bid for Kenya car dealer - FT.com:
"Dubai’s Al-Futtaim Group is poised to launch a takeover offer for Kenya-based car dealership CMC Holdings as one of the Gulf’s largest conglomerates seeks to expand into sub-Saharan Africa.
The proposed deal, expected to be announced on Monday, underlines rising interest in sub-Saharan Africa from well-capitalised companies in the Gulf states, including Dubai.
Al-Futtaim said the potential takeover, which remains subject to regulatory approval, would be one of the largest foreign direct investments into the east African economy in recent years."
'via Blog this'
No comments:
Post a Comment