Cytonn Investments of Kenya Buys 25% Stake in Superior Homes Ahead of Listing

February 1, 2017


Cytonn pays about 1b shillings for stake, valuing real-estate company at about 4 billion shillings, CEO Edwin Dande tells reporters in capital, Nairobi.

* Superior Homes targets listing by mid-year, CEO Ian Henderson says at briefing;
* NOTE: Superior Homes announced plans in August to list on Nairobi Securities Exchange;
* NOTE: Cytonn’s investors include Taaleri of Finland. Source: Bloomberg