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Arbitrator to settle Sh524m Shreeji Chemicals owners row
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Shoe company minting billionaires at the NSE
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Shoe firm seeks nod to step into cement manufacturing
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Shoe firm set for Sh18bn step into cement making
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NBV’s new investment deal to cut Delta Stake
Tuesday April 06 2021
By PATRICK ALUSHULA
Summary
The Nairobi Securities Exchange-listed firm which started off as a shoe-seller has already informed the Capital Markets Authority (CMA) about the impending deal.
The firm’s founder and now board member Abutola Vasu told the Business Daily that the deal will be a merger, with the potential investing companies’ assets and business lines expected to become part of NBV.
Nairobi Business Ventures #ticker:NBV (NBV) is eyeing a new buyout deal that is expected to cut the stake of top investor, Delta International FZE, in the firms’ latest bid to diversify business lines.