Express Kenya takeover hit by regulatory delays

An Express Kenya truck. The company is transforming from logistics to real estate sector. File photo | nmg

The planned takeover of Express Kenya #ticker:XPRS by its chief executive, Hector Diniz, is set to take longer following a delay in getting regulatory approval for the process to commence.

Mr Diniz, who intends to buy the 38.36 per cent stake he does not own, said the takeover offer documents would have been sent to shareholders by end of January.

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