Wednesday, June 15, 2011

RVR investor denies negotiations

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By Patrick Kagenda

Citadel Capital the Ambiance Ven­ture mother com­pany which holds a 51 percent shareholding in Rift Valley Railways (RVR) consortium has de­nied reports of being into negotiations with a pro­spective investor. The company which ac­quired Sheltam Railways of Roy Puffet`s holding into the Uganda and Ke­nya railways concession in a statement issued at its head office in Cairo said, “we have not received a direct offer of acquisition from any party, nor have we

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