U.K.’s CDC Group Sells Stake in Uganda Development Finance Co.

U.K.’s development finance institution sells about 74.6m shares of Development Finance Co. of Uganda to Investment Fund for Developing Countries, DFCU says in a statement in New Vision newspaper.

* Danish investment management firm becomes 2nd-biggest shareholder with 9.97% stake; Arise BV of Netherlands holds 58.7%;
* NOTE: Dec. 16, DFCU of Uganda’s Significant Minority Investor Planning Exit. Source: Bloomberg