EAPI minority shareholders targeted in buyout

Minority shareholders of de-listed manufacturer East African Packaging Industries (EAPI) are set to receive a buyout offer early next year, in a transaction that will see the Canadian-based parent company acquire total control of the firm.

Managing director Cor Roest, said the Canadian Overseas Packaging Industries (COPIL) is putting together a second offer to minority shareholders, eight years after EAPI de-listed from the Nairobi Stock Exchange (NSE).