Close Bros sells offshore arm

first_img Show Comments ▼ Close Bros sells offshore arm Share Thursday 10 March 2011 7:39 pm Close Brothers Group is selling its trust, fund administration, asset management and banking business in Jersey, Guernsey and the Isle of Man to Kleinwort Benson Channel Islands Holdings for £29.1m in cash. The group said the sale, which is subject to regulatory approval, would further streamline its asset management division and was consistent with its strategy to focus on its core businesses. Proceeds will be reinvested in Close Brothers’ other businesses. The sale is expected to be completed by the end of the current financial year. KCS-content whatsapp whatsapp Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap’Small Axe’: Behind the Music Everyone Grooved On in Steve McQueen’sThe Wrap Tags: NULLlast_img read more

E.A. Cables Limited (CABL.ke) 2012 Annual Report

first_imgE.A. Cables Limited (CABL.ke) listed on the Nairobi Securities Exchange under the Building & Associated sector has released it’s 2012 annual report.For more information about E.A. Cables Limited (CABL.ke) reports, abridged reports, interim earnings results and earnings presentations, visit the E.A. Cables Limited (CABL.ke) company page on AfricanFinancials.Document: E.A. Cables Limited (CABL.ke)  2012 annual report.Company ProfileEast Africa Cables Limited manufactures electrical cables and conductors in Kenya and sells its products through retail outlets in East and Central Africa. The company produces utility cables which include aluminium overhead conductors for aerial transmission lines and service drop cables for secondary overhead transmission; feeders to residential homes; cables for power and lighting circuits; home electrical appliances; and armoured and non-armoured cables for electricity distribution. East Africa Cables also provides automotive cables for electrical harnesses, battery cables and ignition cables. Telecommunications and data cables sold by the company include structured cabling systems, LAN cables, fiber optic cables, aerial bundled cables, XLPE insulation products and halogen-free fire-retardant cables. East African Cables Limited is a subsidiary of Cable Holdings (Kenya) Limited and its head office is in Nairobi, Kenya. East Africa Cables Limited is listed on the Nairobi Securities Exchangelast_img read more