Nairobi, Oct. 6 -- A Mauritius-based investment firm, Monarch Capital Limited, has bought a Sh400 million controlling stake in De La Rue Kenya EPZ, marking a major shift in ownership of the Ruaraka-based banknote printer.

The Competition Authority of Kenya (CAK) approved a transaction in which Thomas De La Rue AG, a wholly owned subsidiary of De La Rue plc, the London-listed security-printing group, transferred a 60 percent stake in the Kenyan business to Monarch Capital.

Published by HT Digital Content Services with permission from Business Daily....