Rea Vipingo owners to endorse sale of land to Centum

Shareholders of sisal producer, Rea Vipingo, are expected to meet today to endorse a final deal to sell huge chunks of land to Centum Investment Ltd.

While the meeting is expected to be a formality, considering that majority shareholder Rea Trading, which is owned by two brothers, Richard and Jeremy Robinow, could pass any vote alone, thanks to their 57 per cent controlling stake in the company, fundamental questions have risen about just how much the company’s assets could be worth in view of current land value.