Billionaire Muthoka reaps Sh2.5bn profit from sale of airport firm

Billionaire Peter Muthoka sold his airport services company, Transglobal Cargo Centre (TCC), for nearly twice its asset value, earning Sh5.2 billion (approximately $40.1 million) from Turkish firm Celebi Ground Handling. His profit from the deal amounted to Sh2.5 billion. The transaction highlights the lucrative nature of the deal.