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Puccini Bidco News Today : Breaking News, Live Updates & Top Stories | Vimarsana

CMA blocks Unilever shares deal in tea firm

CMA has frozen the transfer of Unilever’s majority stake in Limuru Tea and blocked a US-based private equity firm from buying minority investors.

Nairobi areaUnited kingdomWainaina kenyanjuiPuccini bidcoJoe wanjuiUnilever tea kenyaAfrican industriesCapital markets authorityHigh courtKenya revenue authorityLimuru teaStandard charteredEast african industriesUnilever east africaEkaterra kenyaUnilever tea

Limuru Tea market value jumps Sh1bn on takeover

The company has less than 200 retail investors, with its stock trading infrequently on the Nairobi Securities Exchange.

Nairobi areaUnited kingdomWainaina kenyanjuiPuccini bidcoJoe wanjuiNairobi securities exchangeLimuru teaNairobi securitiesCvc capital partners

Principles on trial for Unilever Tea buyer

Analysts will watch how Ekettera navigates the planned buyout of minority shareholders in Limuru Tea and tackle concerns about workers’ rights.

Puccini bidcoUnilever tea kenyaLimuru tea anNathalie roosEkettera teaUnilever teaLimuru tea

Sameer land eight times more valuable than share price

Land owned by tyre distributor Sameer Africa has appreciated to Sh8.07 billion in the year ended December 2021.

Nairobi areaSameer africaPuccini bidcoEdna mwendaUnilver international holdingsNairobi securities exchange listedLimuru tea

CMA forces US fund to buy out tycoon Wanjui

CMA has forced a US-based private equity to make a takeover offer to minority owners of Limuru Tea, including tycoon Joe Wanjui.

Nairobi areaUnited kingdomWainaina kenyanjuiPuccini bidcoJoe wanjuiUnilever tea kenyaCapital markets authorityNairobi securities exchangeHigh courtLimuru teaPukka herbsEkaterra kenyaUnilever teaTea kenyaCvc capital partners

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