Oldmutual Plc in talks to acquire controlling stake in Grainbulk

Oldmutual Plc in talks to acquire controlling stake in Grainbulk

Old Mutual Plc, a South african based insurer through their fund unit, Africa Infrastructure Investment Managers (AIIM) wants to acquire a controlling stake in Grainbulk Handlers parent company is Bulkstream and is located at Shimanzi, Mombasa next to Kenya Ports Authority.

Bulkstream owns and operates world-class bulk terminals in the port of Mombasa, designed for the handling of 8 million metric tonnes of dry and liquid bulk commodities per year across the East African corridor through inland terminals, to distribution centres and warehouses.

Bulkstream is capable of discharging dry bulk (mainly grain, clinker, fertiliser) and liquid bulk (mainly edible oil) at speed and cost-effectively.          

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