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Cable Experts Limited intends to acquire 68.37% of the issued shares in East African Cables PLC from Cable Holdings (Kenya) Limited, a subsidiary of TransCentury PLC. The deal is subject to regulatory approvals.
Tanelec Limited, a subsidiary of TransCentury PLC, has embarked on an expansion strategy to increase manufacturing and distribution of transformers, switchgears, and metering units in East and Central Africa. The project cost is estimated at USD 15 million over 5 years.