Canadian Overseas Packaging Industries Limited (Copil) has secured a 91.99 percent shareholder acceptance to take over full ownership of East African Packaging Industries Limited (EAPI), the firm said, further revealing that it has commenced steps to acquire the remaining 8.01 percent stake compulsorily.
Copil, the majority owner of EAPI with a 92.1 percent stake, first announced the fresh bid to take over the minority shareholding in April this year, rekindling the interest that was initially made public in 2003.
