Billionaire businessman Peter Muthoka has successfully sold his airport services firm, Transglobal Cargo Centre (TCC), for an impressive Sh5.2 billion (approximately $40.1 million). This sale was made to Turkish company Celebi Ground Handling.
The deal reflects the high value of TCC, as Muthoka sold it for nearly double the assets it held, showcasing the lucrative nature of the airport services sector.
From this transaction, Muthoka realized a substantial profit of Sh2.5 billion, further solidifying his status as a prominent figure in the business landscape.