PROPOSED ACQUISITION OF VIPINGO ESTATES LIMITED 7 Aug 08 REA Vipingo Plantations Limited("RVP") announces that it has
agreed to acquire the whole issued capital of Vipingo Estates
Limited (VEL) at an estimated $ 6.3 Million.
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PROPOSED SALE OF 25% OF NATIONAL BANK SHAREHOLDING 7 Aug 08 National Social Security Fund (NSSF) has agreed to the proposed sale of 25 per cent of its shareholding in National Bank of Kenya to a strategic partner, clearing the way for the bank’s two phased capital restructuring plan.
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BROOKE BOND BIDS TO TAKE OVER UNILEVER 10 Jul 08 Brooke Bond Group Limited has proposed a takeover of Unilever Tea Kenya Limited (UTKL) which has suffered the tightening market conditions across the globe. UTKL is planning to introduce some radical changes as they seek to attain a competitive edge in the market
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HFCK RIGHTS ISSUE RAISES SHS.2.37B 8 Jul 08 Mortgage Financier Housing Finance has raised Sh2.37 billion from the just concluded rights issue despite a number of small scale shareholders sitting out of the issue.
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CO-OPERATIVE BANK IPO 2 Jul 08 The Co-operative Bank has doubled the amount of money it plans to raise from an initial public offering later this year.
Sources close to the bank said it will now be asking for Sh10 billion from investors up from an initial plan to raise Sh5 billion from the IPO.
