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Ndegwa family diluted in Unga’s buyout of bakery

Unga Limited in Eldoret. Unga Group will offer owners of a Nairobi-based bakery shares worth Sh446m. Photo/FILE

Unga Group will offer owners of a Nairobi-based bakery shares worth nearly half a billion shillings, making their combined stake the second largest in the milling company.

The miller will create 25 million shares and use them to acquire Ennsvaley Bakery in a share swap transaction valued at Sh446 million based on Unga’s current trading price of Sh17.85 per share.

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