amp;

Same Old stories by Merali
he has atlast agreed to cede a 50%.
He has been on a selling spree on companies he has ownership and most likey is consolidating the family wealth.
Sameer to cede 50pc of tyre business to strategic partner
The partner issue may be at what price he will come in. This is what pulled down profits for the FY 2014. May be Merali was dngling it at above 10 while investor want @ 8?

I tend to think the HARD part of the new partner is getting to be llowed to own 50+1% where the partner is NEGOTIATING for a complete overhaul, like directorship, change of brand name from YANA to a partners product range name and how Yana brand may be wound up or still be a brand under the mother brand as a diversity.
This is a brain or nut cracking moment for Sameer Yana and Merali.
An Asian partner will want to push his products to Africa under a known brand in Asia and even Africa that may be coming here cheaper in order to get advantage of others like Hankook, bridgestone, Dunlop, Firestone etc.
Merali may give in or decide to sell the company or scare the investor away citing CMA rules of takeover and rebranding.
The long wait seems the Lawyers are still producing finer details that will work.
A leak of favourable outcome may shoot the stock to 15 Kes.