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Atlas African Industries suspended from Nairobi bourse as woes pile up

Atlas Development and Support Services CEO Carl Espery at an event to mark the beginning of trading of Atlas shares at the Nairobi Securities Exchange on December 17, 2014. FILE PHOTO | NMG

By  BRIAN NGUGI

The Nairobi Securities Exchange (NSE) #ticker:NSE has now suspended Atlas African Industries from trading at the Nairobi bourse for a period of 90 days effective May 8.

NSE chief executive officer Geoffrey Odundo attributed the decision to the firm’s unresolved issues at the London Stock Exchange where it was suspended on October 17 following the resignation of its nominated adviser (Nomad).

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