September 9, 2013 / 10:47 AM / in 4 years

Dubai's Al Futtaim makes $86 mln takeover offer for Kenya's CMC Holdings

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DUBAI, Sept 9 (Reuters) - Dubai-based conglomerate Al Futtaim Group said on Monday it would make an offer worth $86 million to take full control of Nairobi-listed car retailer CMC Holdings.

Al Futtaim will offer 13 shillings ($0.15) per share, with 50.6 percent of existing shareholders having pledged to accept the takeover offer, it said in a statement. ($1 = 87.4000 Kenyan shillings) (Reporting by Mirna Sleiman; Writing by David French; Editing by Olzhas Auyezov)

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