By formally bringing USHS
into The Home Depot family, we expect to further enhance our customers' home service experience," said Kevin Hofmann, senior vice president-Home Services, The Home Depot.
The value of the machinery is about Ushs
500 million (US $ 300,000) which is about 16 % of annual turnover.
On August 7, 2012, USHS
announced that it had entered into a definitive merger agreement to be acquired by Home Depot.
Under the Merger Agreement, USHS
was permitted to initiate, solicit, facilitate and encourage acquisition proposals from third parties until 11:59 p.
The Bank of Uganda made a colossal loss of Ushs
40bn during the 1993/94 financial year - Ushs
37bn attributable to currency conversion, according to the Bank of Uganda annual report covering the 1993/94 period.
Under the terms of the agreement, The Home Depot will acquire USHS
Accumulated bad debt of Ushs
2bn were retrieved and made to perform, and a hardcore of Ushs
600m worth of loans to insiders recovered.
6 million (about Shs 24bn) subsidy to Uganda's legal system, while Denmark and Norway said they would redirect around UShs
16bn each towards private sector initiatives, aid agencies and rights organisations.
President Museveni then recounted his own experiences with the bank: "They had given me a loan of Ushs
Under the terms of the transaction, USHS
shareholders will receive $12.
As per the report, the 6 months project was carried out using the Ushs
308 million shillings proceeds from the 9th edition of the MTN Kampala Marathon which MTN delivered to the Uganda Red Cross in February this year.
") today announced a definitive merger agreement for The Home Depot to acquire USHS