Actis Unit to Sell 14.3% Stake in Umeme in Private Placement

November 7, 2016

Umeme Holdings to sell stake in Umeme Ltd. to selected investors, according to statement by Kampala-based company published in Kenya’s Daily Nation newspaper.

* Trade in Umeme’s shares suspended on Uganda, Kenya exchanges for up to 2 weeks;
* NOTE: Uganda Electricity Distribution Co. Says Full-Year Loss Narrows. Source: Bloomberg