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Rival bidders reach deal over Kenya's Rea Vipingo

 Kenya's Centum Investment has reached a deal with the majority owners of sisal grower Rea Vipingo after a protracted takeover battle between the two sides for the agricultural company.

REA Trading, which is registered in Britain and controls Rea Vipingo with a 57 percent stake, offered to buy out the minority shareholders and delist the firm in April last year, prompting a counter-offer for Rea Vipingo from Centum.

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Rea Vipingo