[quote=Mastermind]PRESS RELEASE– Centum Concludes a Successful Exit of Almasi Beverages Limited and Nairobi Bottlers Limited

Nairobi, Kenya, 3 October 2019 — Centum Investment Company PLC (“Centum”) announces that it has
completed the sale of its 53.9% shareholding in Almasi Beverages Limited (“ABL”) and 27.6% shareholding
in Nairobi Bottlers Limited (“NBL”) to Coca-Cola Sabco East Africa Limited (“CCSEA”), a wholly owned
subsidiary of Coca-Cola Beverages Africa Limited (“CCBA”).

Centum’s original investment in Rift Valley Bottlers and Mt. Kenya Bottlers in the 1970s, the later
investment in Kisii Bottlers and subsequent consolidation of these three bottlers, formed a key part of Centum’s investment strategy to realise value. The consolidation into Almasi Bottlers Limited has since enabled the company to leverage on shared managerial capacity, territory penetration, rationalization and realization of strategic objectives.

Commenting on the transaction, Centum Group CEO, Dr. James Mworia said: “The sale of ABL and NBL
marks another important milestone for Centum. We are pleased to have played a role in providing
strategic guidance to its well experienced management on revenue enhancement, efficiency
improvement and organisational effectiveness. Following our exit to CCBA, which is one of the largest bottlers in the world, we believe they are uniquely placed to create the next phase of value within the businesses. Centum remains committed to its vision of being Africa’s foremost investment channel and will seek to redeploy the funds to cash generative business in line with our investment strategy.”

As at 31st March 2019, Centum held its investments in ABL and NBL at a total value of KES 16.8 billion.
The sale by Centum of its shareholding in ABL and NBL was for a total consideration of KES 19.4 billion
compared to a historical total cost of KES 3.6 billion.

https://centum.co.ke/ima..._Bottlers_Sale_2019.pdf[/quote]

Transaction will be a boost to HY results to be released in November

The European Investment Bank (EIB) has cancelled a sh.19.5 billion loan offer to a firm partly owned by Centum Investments over viability and environmental concerns raised by lobbies.
The EIB East Africa head Catherine Collin had last year said the Euros 155 million (Sh.19.5 billion) generation financing package to Akiira Geothermal Ltd "will be finalised soon."
The Centum consortium was expected to contribute sh.11.7 billion or 30% of the project's cost of sh.39 billion while the rest would be funded through commercial loans.
The EIB Deputy Head of Division Joan ManuelSterlin Balenciaga,however,said in communique dated October 10:"After careful consideration and due to the fact that the EIB has seen no progress on the Akiira Geothermal expansion project over the past three years,the EIB has formally decided not to pursue the appraisal of the project."

When Centum were offloading Almasi, James Mworia spoke of putting the money into equities. Any idea which stocks at NSE Centum are buying? Mworia is confident that this move will push capitalisation to kshs. 100 billion ala Centum 3.0.
I'm just following the money here

KenGen is able to make the locals happy - build a school, borehole, e.t.c and gets funding from EIB, World Bank & JICA albeit with GoK guarantees which Centum lacks.

Thanks for the correction, my bad!!! I think my comment was driven my AMU which is the coal plant in Lamu .