RVR concession agreement termination gets stay until 19 May -QH

Qalaa Holdings-owned Rift Valley Railways (RVR) said it obtained a court decision forcing a stay on the decision to terminate its concession rights to a court date of 19 May 2017, an EGX statement read. Qalaa Holdings says RVR is already classified as a non-cur­rent asset held for sale and company is in talks to divest from it. Kenyan media had said last week that the Kenyan government had terminated RVR’s 25-year concession agreement.