A strategic investor agreed to acquire 50% stake in tyre production unit of Sameer Africa Ltd. (NASE:FIRE.O) for KES 1 billion in cash on July 14, 2014. The new shareholder is expected to offer technical advice to Sameer.

A strategic investor cancelled the acquisition of 50% stake in tyre production unit of Sameer Africa Ltd. (NASE:FIRE.O) on July 14, 2015.