Turner & Townsend has acquired a majority stake in MML from leading growth markets investor – Actis. The new entity, MML Turner & Townsend, will operate across the real estate, infrastructure and natural resource industries. Vincent Clancy, Turner & Townsend Chairman and CEO said that the merger will enable MML Turner & Townsend become the largest independent project and programme management company in East Africa. “Joining Turner & Townsend is a significant step for our employees and clients. Michael Turner, Head of Actis’s Nairobi office observed that East Africa is a key market for Actis’ real estate team, with strong macro and real estate fundamentals.

Source: Ethiopian News February 08, 2018 05:15 UTC