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Provider: Reuters Investment Profile

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Centum Investment Company Ltd Acquires 45% Stake in Platcorp Holdings Limited through Consortium in Partnership with Cassia Capital Partners

Thursday, 24 Jan 2013 07:00pm EST 

Centum Investment Company Ltd announced the acquisition of a 45% shareholding in Platcorp Holdings Limited. Accordingly, the Company announced that the acquisition, led by Centum Investment Company Ltd, was made through a consortium in partnership with Cassia Capital Partners (Cassia) where Centum Investment Company Ltd owns a 79% stake in the consortium vehicle - Kilele Holdings Limited - and Cassia the remaining 21%. Centum Investment Company Ltd also announced that the investment in Platcorp Holdings Limited is in line with the Company's objective of increasing the Company's geographical asset diversification across the business' multiple asset classes. Platcorp Holdings Limited is the group holding company of Platinum Credit Limited, Kenya, Platinum Credit, Uganda Limited and Platinum Credit Limited, Tanzania and the Platinum Credit group of companies consists of non-banking, non-deposit taking micro lenders that provide emergency loans in East Africa. Financial terms of the investment were not disclosed. 

Company Quote

-0.5 -0.84%
17 Oct 2014