Fuchs Takes Controlling Stake in New Kenya Joint Venture
Bitget2026/10/28 10:01- Fuchs is taking a controlling stake in a new Kenyan joint venture, expanding its East African presence.
- Its stake in the existing Tanzanian joint venture will increase to a controlling interest.
- Agreements cover acquiring 100% ownership of former joint venture operations in Zimbabwe, Zambia and Mozambique.
- The transactions are expected to close in early 2027.
- The businesses involved generate approximately EUR 50 million in annual sales and employ around 170 people.
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