Manufacturing firm Kenya Orchards Limited (KOL) plans to sell 84.4 percent of its shares to a local investor, it said in a disclosure, with the deal projected to net it Sh210 million.
The company, which manufactures spices and other food additives, announced on Wednesday that it plans to sell most of its shares to Africa Mega Agriculture Centre (Amac), a company incorporated in Kenya but not listed at the Nairobi Securities Exchange(NSE).
