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Portland Cement shares fall 22pc on insolvency news

Mr Simon Peter ole Nkeri, the East African Portland Cement Company CEO. PHOTO | FILE

Shares of the troubled East African Portland Cement Company have tumbled by more than a fifth in the last one week on news that the loss-making firm is insolvent.

The Athi River-based cement-maker closed Monday’s trading at Sh21 per share having opened last week at Sh27 apiece, the day the Business Daily broke news of Portland Cement’s troubles.

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