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Tribunal picked to hear REA Vipingo takeover bid

Sisal plantation

High Court halted the buyout of Africa’s biggest sisal producer after Centum challenged the validity of an offer by REA Trading Limited, the plantation firm’s biggest shareholder

Capital Markets tribunal will be constituted for the first time later this month, when it will set a date for a hearing into the takeover of REA Vipingo Plantations Limited, Chairman Jinaro Kibet said.

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