The joint receivers for TransCentury PLC have invited investors to acquire Avery (East Africa) Limited (AEA), a key subsidiary, as the beleaguered investment group continues efforts to restructure under receivership following defaults on billions owed to Equity Bank.

• AEA, 94.4 percent owned by TransCentury, serves various sectors including energy and infrastructure across East Africa.
• The joint receivers, Muniu Thoithi and George Weru of PwC, are offering options including recapitalization, debt refinancing, or outright purchase of TransCentury PLC’s stake in AEA.
• TransCentury entered receivership in mid-2023, with its debt burden estimated at over Sh10 billion. Interested investors must submit profiles by September 3, 2025.