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NAIROBI, Kenya, May 22 - Lipton Teas and Infusions has withdrawn earlier plans to acquire full ownership of Limuru Tea. As the majority shareholder, Kenya breaking news | Kenya news today |
A majority of listed companies, which have announced profit warnings have seen their share prices fall by a deeper margin.
Many firms have had their planned deals including takeover vetoed by small owners even as the government continues to flex its muscles in entities where it controls slightly over 50 percent of...
The Capital Markets Authority (CMA) and Limuru Tea are tussling over the corporate governance structure of the agricultural company.
Listed agricultural firms have reaped from gains in commodity prices over the last year helping to fuel the growers’ sales and earnings.