EDITORIAL: CMA failed Unga investors

Stockbrokers on the trading floor of the Nairobi Securities Exchange. FILE PHOTO | NMG

The Capital Markets Authority (CMA) is on the spot yet again for failure to protect the interests of shareholders in a company that is targeted for takeover.

The regulator is accused of failing to protect Unga Group’s #ticker:UNGA minority interests as America’s Seaboard Corporation bids to buy a large stake on the cheap.

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