{"id":1348,"date":"2020-01-25T15:15:06","date_gmt":"2020-01-25T15:15:06","guid":{"rendered":"https:\/\/www.africa-press.com\/kenya\/?p=1348"},"modified":"2020-01-25T15:15:06","modified_gmt":"2020-01-25T15:15:06","slug":"french-firm-to-buy-30pc-stake-in-naivas","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/kenya\/economy\/french-firm-to-buy-30pc-stake-in-naivas","title":{"rendered":"French firm to buy 30pc stake in Naivas"},"content":{"rendered":"

France\u2019s Amethis is close to concluding purchase of a stake in Kenyan general retailer Naivas, the investment fund told Reuters on Friday, entering a sector where collapse of one of the major players in recent years has left a gap.<\/p>\n

Neither side disclosed details of the deal, citing ongoing regulatory scrutiny, but a Nairobi-based source with knowledge of the transaction and local media reports said Amethis will acquire a 30% stake in the Kenyan firm.<\/p>\n

\u201cAmethis first reached out to Naivas over a year ago, and will be the first external investor in Naivas,\u201d the retailer said in a statement seen by Reuters on Friday.Naivas, which was founded three decades ago and has 60 stores across Kenya, became one of the top three retailers after the collapse of Nakumatt, a local supermarket chain that had dominated the sector.<\/p>\n

The dissolution of the Nakumatt business has also created an opening for other international retailers, including France\u2019s Carrefour and South Africa\u2019s Shoprite.Naivas said the investment by Amethis will help it expand operations. \u201cHaving an experienced investor with us will further strengthen the business,\u201d the company said.<\/p>\n

Amethis has a range of other investments in Africa including in banking, manufacturing and logistics.<\/p>\n","protected":false},"excerpt":{"rendered":"

France\u2019s Amethis is close to concluding purchase of a stake in Kenyan general retailer Naivas, the investment fund told Reuters on Friday, entering a sector where collapse of one of the major players in recent years has left a gap. Neither side disclosed details of the deal, citing ongoing regulatory scrutiny, but a Nairobi-based source […]<\/p>\n","protected":false},"author":84,"featured_media":1349,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,8],"tags":[821,823,822],"class_list":["post-1348","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","tag-amethis","tag-france","tag-naivas"],"yoast_head":"\nFrench firm to buy 30pc stake in Naivas - kenya<\/title>\n<meta name=\"description\" content=\"France\u2019s Amethis is close to concluding purchase of a stake in Kenyan general retailer Naivas, the investment fund told Reuters on Friday,\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/kenya\/economy\/french-firm-to-buy-30pc-stake-in-naivas\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"French firm to buy 30pc stake in Naivas\" \/>\n<meta property=\"og:description\" content=\"France\u2019s Amethis is close to concluding purchase of a stake in Kenyan general retailer Naivas, the investment fund told Reuters on Friday,\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/kenya\/economy\/french-firm-to-buy-30pc-stake-in-naivas\" \/>\n<meta property=\"og:site_name\" content=\"kenya\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2020-01-25T15:15:06+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/eritrea\/sites\/28\/2020\/01\/fozafwbof3d1d5e2b10a06ba2f.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"533\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/economy\/french-firm-to-buy-30pc-stake-in-naivas#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/economy\/french-firm-to-buy-30pc-stake-in-naivas\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"French firm to buy 30pc stake in Naivas\",\"datePublished\":\"2020-01-25T15:15:06+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/economy\/french-firm-to-buy-30pc-stake-in-naivas\"},\"wordCount\":210,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/economy\/french-firm-to-buy-30pc-stake-in-naivas#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/eritrea\/sites\/28\/2020\/01\/fozafwbof3d1d5e2b10a06ba2f.jpg\",\"keywords\":[\"Amethis\",\"France\",\"Naivas\"],\"articleSection\":[\"all news\",\"economy\",\"homepage-english\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/kenya\/economy\/french-firm-to-buy-30pc-stake-in-naivas#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/economy\/french-firm-to-buy-30pc-stake-in-naivas\",\"url\":\"https:\/\/www.africa-press.net\/kenya\/economy\/french-firm-to-buy-30pc-stake-in-naivas\",\"name\":\"French firm to buy 30pc stake in Naivas - 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