Tuskys owners risk loss of shares in Sh2bn deal

[Image source: Hivi Sasa]
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Business Daily | by Victor Juma

The investor intending to provide Tuskys with a Sh2 billion loan seeks to secure the debt using all of the supermarket operator’s shares, putting the ownership of the existing shareholders at risk in the event of default.

The unnamed investor, based in the tax haven Cayman Islands, is ready to disburse the funds but wants Tuskys’s shareholders to approve the deal, including committing the shares…

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[Image source: Hivi Sasa]

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