Deacons plans listing on the NSE this year
18 January 2012, 17:43
Nairobi - Capital News reports that fashion and lifestyle retail group Deacons Kenya is hoping to list on the Nairobi Securities Exchange later this year.
Speaking to the media, Muchiri Wahome, Chief Executive Officer Deacons Kenya said that plans are underway subject to regulatory approvals and that the they are confident about the listing, notwithstanding the poor performance of the stock market in 2011.
Deacons last year in November held an unlisted public share offer, selling its shares at Sh62.50 each and as a result was able to raise Sh701 million against a target of Sh800 million.
- For more visit Capital News
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