{"id":3108,"date":"2021-09-08T06:02:27","date_gmt":"2021-09-08T06:02:27","guid":{"rendered":"https:\/\/www.africa-press.net\/mauritius\/all-news\/mauritian-firm-eyes-major-stake-in-local-furniture-retailer"},"modified":"2021-09-08T06:02:27","modified_gmt":"2021-09-08T06:02:27","slug":"mauritian-firm-eyes-major-stake-in-local-furniture-retailer","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/mauritius\/all-news\/mauritian-firm-eyes-major-stake-in-local-furniture-retailer","title":{"rendered":"Mauritian firm eyes major stake in local furniture retailer"},"content":{"rendered":"

Africa-Press<\/a> – Mauritius<\/a>. <\/strong><\/span>The proposed acquisition relates to Tana Furniture directly acquiring a 27.95 per cent shareholding in Furniture Palace Ltd (FPL) and a 27.95 per cent shareholding through Furniture for Africa (FFA) \u2013 a wholly-owned subsidiary of Kitea S.A which is jointly controlled by Tana Furniture,\u201d said the Comesa Commission, which is now calling for public views on the deal.<\/p>\n

\u201cThe acquisitions are interdependent, in that should Tana Furniture or FFA not acquire their respective 27.95 per cent shareholding in FPL, the other will not proceed with the acquisition.\u201d<\/p>\n

\u201cThe shareholding acquired by Tana Furniture and FFA represents 55.9 per cent of the share capital and voting rights of FPL.\u201d<\/p>\n

The Tana group has diverse interests within the Comesa region that range from healthcare to furniture, food and agri-business. In its submission to the Comesa competition watchdog, it said it expected Furniture Palace to start exporting to the region and benefit from its affiliate companies in Africa.<\/p>\n

Other than QMP that it recently acquired, its food and agri-business arm Olam International has operations in Kenya. <\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Mauritius. The proposed acquisition relates to Tana Furniture directly acquiring a 27.95 per cent shareholding in Furniture Palace Ltd (FPL) and a 27.95 per cent shareholding through Furniture for Africa (FFA) \u2013 a wholly-owned subsidiary of Kitea S.A which is jointly controlled by Tana Furniture,\u201d said the Comesa Commission, which is now calling […]<\/p>\n","protected":false},"author":84,"featured_media":3107,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,8,16],"tags":[481,233,245,255,241],"class_list":["post-3108","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","category-twitter","tag-acquisition","tag-africa-press","tag-africa-press-mauritius","tag-mauritian","tag-mauritius"],"yoast_head":"\nMauritian firm eyes major stake in local furniture retailer - Mauritius<\/title>\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\/mauritius\/all-news\/mauritian-firm-eyes-major-stake-in-local-furniture-retailer\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Mauritian firm eyes major stake in local furniture retailer\" \/>\n<meta property=\"og:description\" content=\"Africa-Press – Mauritius. The proposed acquisition relates to Tana Furniture directly acquiring a 27.95 per cent shareholding in Furniture Palace Ltd (FPL) and a 27.95 per cent shareholding through Furniture for Africa (FFA) \u2013 a wholly-owned subsidiary of Kitea S.A which is jointly controlled by Tana Furniture,\u201d said the Comesa Commission, which is now calling […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/mauritius\/all-news\/mauritian-firm-eyes-major-stake-in-local-furniture-retailer\" \/>\n<meta property=\"og:site_name\" content=\"Mauritius\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2021-09-08T06:02:27+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/mauritius\/sites\/61\/2021\/09\/img-613861ed876a5.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"500\" \/>\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\/mauritius\/all-news\/mauritian-firm-eyes-major-stake-in-local-furniture-retailer#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/mauritian-firm-eyes-major-stake-in-local-furniture-retailer\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Mauritian firm eyes major stake in local furniture retailer\",\"datePublished\":\"2021-09-08T06:02:27+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/mauritian-firm-eyes-major-stake-in-local-furniture-retailer\"},\"wordCount\":181,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/mauritian-firm-eyes-major-stake-in-local-furniture-retailer#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/mauritius\/sites\/61\/2021\/09\/img-613861ed876a5.jpg\",\"keywords\":[\"acquisition\",\"Africa Press\",\"Africa Press-Mauritius\",\"Mauritian\",\"Mauritius\"],\"articleSection\":[\"all news\",\"economy\",\"homepage-english\",\"twitter\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/mauritius\/all-news\/mauritian-firm-eyes-major-stake-in-local-furniture-retailer#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/mauritian-firm-eyes-major-stake-in-local-furniture-retailer\",\"url\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/mauritian-firm-eyes-major-stake-in-local-furniture-retailer\",\"name\":\"Mauritian firm eyes major stake in local furniture retailer - 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