![[Kenya] Sasini Limited mulls offloading 60 per cent stake in Savanna Coffee House](sasini_kenya.jpg)
[Kenya] Sasini Limited mulls offloading 60 per cent stake in Savanna Coffee House
One of Kenya’s largest tea and coffee producer Sasini Limited has said that it is set to seek shareholder’ approval to offset 60 per cent stake it has in Savanna Coffee House.
The shareholders will consider the resolution to dispose the subsidiary to Sheb Investments Limited at a cost of Sh70 million.
Savanna Coffee House runs four restaurants on Nairobi’s Loita Street, Ralph Bunche Road, Muthangari Road and Mombasa Road.
The restaurants offer a diverse menu including tea, coffee, snacks, desserts, lamb chops and burgers.
The firm in 2015 sold its building on Nairobi’s Loita Street, Sasini House, for more than Sh600 million.
Besides the disposal, shareholders will also consider passing a resolution to change the name of the company from Sasini Limited to Sasini PLC.
Other approvals expected include incorporating Sasini Avocado Limited, Sasini Seed Limited, Sasini EPZ Park, Sasini Nuts EPZ, as wholly subsidiaries of the company.
