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Debt Relief – Insolvency – Bankruptcy Information » Insolvency » Uchumi supermarket recovery plan

Uchumi supermarket recovery plan


www.ntv.co.ke For the second time in two years, Uchumi Supermarkets has offered its shareholders yet another opportunity to lift it out of insolvency.The retail chains shareholders have now agreed to buy 1.2 billion shillings worth of debentures to clear all debts accruing in the companys books.The debenture offer is scheduled to open mid next month to run until the 31st of October this year.

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