Dubai's Al Futtaim makes $86 mln takeover offer for Kenya's CMC Holdings
DUBAI (Reuters) - Dubai-based conglomerate Al Futtaim Group said on Monday it would make an offer worth $86 million to take full control of Nairobi-listed car retailer CMC Holdings. Al Futtaim will offer 13 shillings per share, with 50.6 percent of existing shareholders having pledged to accept the takeover offer, it said in a statement.