Express Kenya shares suspended as CEO Hector Diniz announces takeover bid

AN EXPRESS KENYA TRUCK. FILE PHOTO | NMG

Express Kenya Plc #ticker:XPRS shares were Monday suspended from trading on the Nairobi bourse after chief executive Hector Diniz made a takeover bid through his company.

A successful bid, subject to regulatory approvals and various conditions, will result in delisting of the logistics firm from the Nairobi Securities Exchange (NSE).

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