The disclosure of Rai’s bid underlines months of the heated behind-the-scenes fight for the control of the once top miller by wealthy investors.
The Rai group made a bid for Mumias through its Ugandan subsidiary Sarrai Group, which among other installations, owns a sugar and plywood business in Uganda and Malawi. The company also operates the Nyanza-based Rai Cement.
A successful bid by the Rai family would see it further firm its grip on the Kenyan sugar market where it already owns three millers - West Kenya, Sukari Industries, and Olepito Sugar.
As at June 2020, data by the Sugar Directorate showed the three firms owned by the Rai family controlled 45 percent of the total sales of the commodity in the country, a rise from the 41 percent market share they held in the corresponding period of 2019.