M&A UPDATE- Qalaa confirms it is in talks to sell RVR. Qalaa Holdings confirmed on Thursday “that preliminary negotiations are ongoing with several prospective local and international investors for the sale of its stake in Rift Valley Railways (RVR), the national railway of Kenya and Uganda. No official agreement or offer has been reached as of yet,” according to an emailed statement. The company said its decision to divest from RVR after it came to conclusion that “additional capital is required to complete the company’s transformation program.” Kenyan media began speculating last week about the potential sale.

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