Posts Tagged ‘Uchumi’

Uchumi recapitalization plan

Friday, December 11th, 2009

www.ntv.co.ke time passes for the third and final attempt by Uchumi Supermarkets to recapitalize its business through a bid bond to its shareholders. The retail chains are now shareholders of more than 9 days to prove they can raise 1.2 billion shillings to end his three years in receivership. However, if such an offer they can not achieve this goal, Uchumi receiver manager Jonathan Ciano says he is ready to invite the creditors, which include supermarkets government key …

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