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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 sale lifts lid on undervalued firms

Limuru Tea sale lifts lid on undervalued firms
businessdailyafrica.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businessdailyafrica.com Daily Mail and Mail on Sunday newspapers.

Nairobi areaUnited kingdomRift valleyWainaina kenyanjuiSameer africaJeremy robinowJoe wanjuiVipingo ridgeRea holdings plcCapital markets authorityLimuru teaKapchorua teaWilliamson teaRea tradingRea vipingoVania investment pool

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

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

CMA probes Unilever deals in Kenya tea firm

The probe follows a petition from a minority shareholder in Limuru Tea accusing the firm of valuing its land holding at Sh1 million.

Nairobi areaWainaina kenyanjuiJoe wanjuiAbubakarh abubakarNairobi securities exchangeCapital markets authorityHigh courtLimuru teaDirector markets operations abubakarHass consult

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