Motus Holdings acquires remaining 49% of Nissan Kenya

By professo

The South African vehicle importer and distributor, Motus Holdings, now has 100% ownership of Nissan Kenya following its acquisition of the remaining 49% stake.

The company, formerly AMH Group, purchased the remaining stake that it did not yet own in the company from businessman Mohamed Zubedi.

Zubedi partnered with Nissan through his investment vehicle Hakma to launch Crown Motors in 2014.

SEE ALSO:

“I sold my shares in the company in October last year. Motus now fully owns the company,” Mr Zubedi informed Business Daily.

The value of the transaction remains unknown due to a non-disclosure agreement.

AMH Holdings rebranded as Motus Holdings following its acquisition by Imperial Holdings.

Share

Featured Articles

Top 10 most innovative telecom operators in the Middle East

With Dubai-based Telecoms World Middle East in full swing, we chart the most innovative telcos from the region – and look at how they are transforming

Top 10 fastest-growing Indian companies in the UK

Business Chief takes a look at the top 10 fastest-growing Indian companies in the UK, according to the India Meets Britain Tracker from Grant Thornton

Top 10 workplaces prioritising people and planet in the UAE

Sustainable, flexible, collaborative, tech-driven, and amenities-rich, the office of the future considers both people and planet – here are 10 in the UAE

Top 10 female HR execs leading Saudi’s workplace transition

Leadership & Strategy

Top 10 largest asset managers by AUM operating in the UAE

Corporate Finance

Top 10 female CEOs leading Africa’s biggest businesses

Leadership & Strategy