5 January 2017       Download

Qalaa Holdings (CCAP.CA on the Egyptian Exchange), an African leader in energy and infrastructure, confirms that preliminary discussions are ongoing with several prospective local and international investors for the sale of its stake in Rift Valley Railways (RVR), the national railway of Kenya and Uganda. No official agreement or offer has been reached as of yet, and Qalaa will continue to communicate further information in due course as negotiations advance.

Qalaa's indirect ownership in RVR stands at 73.76% and the company has been classified as a discontinued operation on Qalaa’s financial statements since 1Q2016.