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| The State wants to sell the defunct Webuye Pan Paper mills, which is grappling under the heavy yoke of debt. [PHOTO: FILE/STANDARD] |
Nairobi; Kenya: Raiply Ltd is among key contenders for the purchase of the troubled Webuye-based Panpaper Mills that is currently under receivership.
Industrialisation Cabinet Secretary Adan Mohamed yesterday said the firm, which has close links with West Kenya Sugar Miller, is among bidders who have expressed interest in the take-over of the paper manufacturer that closed shop in 2009.
Mr Mohamed, however, explained that talks over the planned sale are yet to be concluded.
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