Rubis is huge compared to KK.
https://rubis.fr/media/2...entation_s1-2018-uk.pdf
The FY 2017-18 Net Profit was Euro 129mn which is about 45% of what KK is valued at 23/-.
The shareholder equity is E2.2bn = KES 250b (KK is valued at 35bn)
A serious bunch given they already have bought 25% of KK.
ERC, CMA and all those other characters should allow this deal to close soon so they can
Show me the Money!
In 2-9 months, I shall say a fond farewell to this thread. The haters can look for me on Unga, KenRe and I&M [Core Holdings]
And Centum too!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett