INVESTMENT firm TransCentury has sold its entire stake in Tanzania’s leading packaged tea manufacturer Chai Bora. TransCentury said it has sold the shares to investment private equity fund manager Catalyst Principal Partners after receiving all the necessary regulatory approvals. The move will help TransCentury to focus on investments in infrastructure and engineering, chief executive Gachao Kiuna said in a statement. “Proceeds from the sale will be redeployed into TransCentury’s core divisions, namely, Power Infrastructure, Transport Infrastructure and Engineering,” said Kiuna...
↧