Longhorn Publisher. [Photo/Kenyanwallstreet.com]
Longhorn Publishers has said that it has entered negotiations for the sale of its entire 92% shareholding in Law Africa Publishing Limited.
This is after it received a letter of intent from a prospective purchaser.
The intention to dispose comes barely under two years since Longhorn purchased a controlling stake (74%) in Law Africa.
If the deal sails through, Law Africa will cease being a subsidiary of Longhorn Publishers.
Law Africa Publishing Limited is a private company that carries on business as a legal content publisher and trader in both print and electronic books. \
It provides legal and related information and services in Kenya, Uganda and Tanzania. It has three wholly owned subsidiaries: Law Africa Publishing (Uganda) Limited, Law Africa Publishing Limited (Tanzania) and Nathan Books Limited.
Longhorn is majority owned by Centum Investments (60 percent).