The Capital Markets Authority (CMA) has forced a US-based private equity to make a takeover offer to minority owners of Limuru Tea, including tycoon Joe Wanjui, in the wake of shareholder fights at the firm.
The regulator declined to exempt private equity firm CVC Capital Partners from making a takeover offer to minority shareholders after the US fund bought a 52 per cent stake in Limuru Tea from Unilever.
