A successful bid, subject to regulatory approvals and various conditions, will result in delisting of the logistics firm from the Nairobi Securities Exchange (NSE).
Diniz Holdings, an investment firm, has bid to acquire the 38.36 per cent stake held by other shareholders other than its affiliates for Sh5.50 a share
Express Kenya Plc #ticker:XPRS shares were Monday suspended from trading on the Nairobi bourse after chief executive Hector Diniz made a takeover bid through his company.
A successful bid, subject to regulatory approvals and various conditions, will result in delisting of the logistics firm from the Nairobi Securities Exchange (NSE).
Diniz Holdings, an investment firm, has bid to acquire the 38.36 per cent stake held by other shareholders other than its affiliates for Sh5.50 a share
“The directors of Express Kenya Limited were on December 1, 2017, served by Diniz Holdings Limited (the offeror) with a notice of intention to acquire 38.36 per cent of issued shares of the company that’s not held by Etcoville Holdings Ltd and Hector Robert Diniz.
