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Rea Vipingo acquisition case settled out of court

Centum Investment Limited has settled out of court a case it filed at the High Court contesting the takeover of a mega plantation firm, Rea Vipingo.

The court heard that the investment company would not continue with the case it had filed against Treasury Cabinet Secretary Henry Rotich and Capital Markets Authority over formation of a tribunal that would listen to Centum’s plaint over the sale of Africa’s biggest Sisal producer.

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