Blog Archive

Monday, June 30, 2008

Tsavo Securities plans to buy 51% of Crossfield Securities

I do not have additional details except as provided by Business Daily but this should be interesting... Nevertheless, is a broker really worth KES 600mn?

We need more details coz some of the funds might be used to add capital to the business as well. I wonder what Suntra is valued at...?

BTW, there is no value to Crossfield's business from what I have been told... so the price is merely for the license?

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