US firm Seaboard still seeking to delist Unga

Unga Group managing director Nick Hutchinson. FILE PHOTO | NMG 

US conglomerate Seaboard Corporation will still seek to delist Unga Group #ticker:UNGA despite failing to buy out minority shareholders in the Kenyan agro-processing firm, it said on Friday.

In February, Seaboard offered to buy the 46.15 per cent of Unga’s shares that are held by minority shareholders and listed on the Nairobi Securities Exchange (NSE) #ticker:NSE in order to take the company private.

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