National
Umeme shares suspension lifted
Publish Date: May 14, 2014
Umeme shares suspension lifted
  • mail
  • img
newvision

By Vision Reporter

 The Uganda Securities Exchange Wednesday lifted the suspension of trading of Umeme shares on the bourse after the company confirmed the negotiations with new shareholders were complete.


Umeme Chairman Patrick Bitature who rang the bell to signal commencement of trading said: “The  transaction which will be completed on Monday May 19 has attracted one of the largest investor in Africa...we are excited Umeme has been able to attract so much interest and we are excited big institutional investors are looking at Uganda as an attractive destination to do business in...”

Managing director, Charles Chapman, expressed his gratitude to the Uganda Securities Exchange and Capital Markets Authority for supporting Umeme during this transaction.

He said: “The support we have got from USE, CMA and our lead transaction advisor Stanbic Bank has been instrumental in enabling Umeme to attract new investors who will give us access to financing that will fund the next phase of our CAPEX program.”

The new shareholder list will be unveiled on Monday May 19, 2014 when the transaction is signed off.

 

The statements, comments, or opinions expressed through the use of New Vision Online are those of their respective authors, who are solely responsible for them, and do not necessarily represent the views held by the staff and management of New Vision Online.

New Vision Online reserves the right to moderate, publish or delete a post without warning or consultation with the author.Find out why we moderate comments. For any questions please contact digital@newvision.co.ug

  • mail
  • img
blog comments powered by Disqus
Also In This Section
U.S commends Uganda over Peace Corps program
The United States (U.S) government has commended Uganda for its long-term partnership between U.S Peace Corps and the Ugandan people which has enabled Peace Corps volunteers facilitate...
UBOS: census results for December 2015
The results of August national housing census will be released in December next yaer, Uganda Bureau of Statistics (UBOS) has announced....
IN the recent past, some members of the public have blamed midwives for mistreatment of patients especially expectant mothers, something that has tainted the image of the midwifery sector...
Regional leaders in Juba for talks on South Sudan
Regional leaders are meeting in Juba for an (Intergovernmental Authority on Development) IGAD Summit on South Sudan....
Access to safe water improving
THE percentage of Ugandans with access to safe and clean water in urban areas has improved over the last one year, the 2014 water and environment sector performance report shows...
Street vending: KCCA arrests buyers, vendors
KAMPALA Capital City Authority (KCCA) has arrested over 20 vendors who were operating their businesses along the City streets. Buyers were also arrested....
Was Oscar Pistorius' 5 year sentence fair and just?
Yes
No
Can't Say
follow us
subscribe to our news letter