When is Merali playing his ACE card? Is it a Heart or a Diamond?
It seems the Partner was looking for a larger share (majority) to give it more authority to enter African markets enjoining Egypt and SouthAfrica who flood our EastAfrican market with cheaper tyres.
With AlFuttaim in the market, one of the largest dealer on Motorvehicle, spares, and other accessories, the partner will take Sameer Yana to good endings as it may still have some attachment to Al Futtaim.
The Arabs will do good trade in Kenya. The growth of Dubai motor industry (Commercial) is as a result of such companies as Al Futtaim.
Second hand clean vehicles and machinery will be its main target in Africa. They do business through contracts. Could they contract Sameer for Tyres?

@RT here is some useless trivia. Sameer is Merali's son and Yana his daughter. Yes that's right. The company is named after his son and the leading brand after his daughter. This is a family duka with minority as observers.

Sameer was in the book of life?

Sameer Africa Limited Scoops 2014 FiRe Awards Medals
Sameer Africa Limited was voted the overall winner IFRS Category, in the just concluded 2014 FiRe Awards held on 24th October at the prestigious Safari Park Hotel in Nairobi. The IFRS category of FiRe Awards recognizes excellence in compliance to International Financial Reporting Standards (IFRS).
The company was also voted the 1st Runners Up in both the Industrial, Commercial & Services (ICS) category, and the Listed Entities category.
The awards are as a result of a rigorous evaluation process using globally accepted principles and best practice standards. The key objectives of the FiRe Awards are three fold.
Promotion of financial reporting excellence.
Fostering of best corporate governance practices.
Enhancing corporate social investment and environmental reporting.
Sameer Africa laid out its 2013 Financial Statement and Annual Report in a 133-page book, themed ‘Development, Growth and Innovation’.

Merali is playing Cricket with Airtel and does not care about Yana any more
He is cleaning the room for FY2014 details......too much garbage in the room
He may not even know where to start
He has no full story on Partnership....why things did not go as planned is a story he will be telling.
Was there a profit warning during the HY2014?
The want all Merali scared the partner.
He buys bridgestone when stock was low but really wanted to sell it at a double what he got and come out and say how he is a sharp businessman.
Airtel....EcoBank......what Next?

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Same Merali....who will move me away far from him.
I said the room is full of Garbage...he did not know where to start cleaning!!!!

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Same Old stories by Merali
he has atlast agreed to cede a 50%.
He has been on a selling spree on companies he has ownership and most likey is consolidating the family wealth.
Sameer to cede 50pc of tyre business to strategic partner
The partner issue may be at what price he will come in. This is what pulled down profits for the FY 2014. May be Merali was dngling it at above 10 while investor want @ 8?

I tend to think the HARD part of the new partner is getting to be llowed to own 50+1% where the partner is NEGOTIATING for a complete overhaul, like directorship, change of brand name from YANA to a partners product range name and how Yana brand may be wound up or still be a brand under the mother brand as a diversity.
This is a brain or nut cracking moment for Sameer Yana and Merali.
An Asian partner will want to push his products to Africa under a known brand in Asia and even Africa that may be coming here cheaper in order to get advantage of others like Hankook, bridgestone, Dunlop, Firestone etc.
Merali may give in or decide to sell the company or scare the investor away citing CMA rules of takeover and rebranding.
The long wait seems the Lawyers are still producing finer details that will work.
A leak of favourable outcome may shoot the stock to 15 Kes.