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East African Portland to sell more shares
KENYAN Investment Secretary, Esther Koimett is expected to kick-start the process that will culminate in the sale of more East African Portland Cement Company shares at the bourse. Lafarge, the owners of Bamburi, and the Treasury have agreed to offer some of their shares for sale.
East African Portland acting managing director, Ndegwa Kagio, speaking after the company’s annual general meeting at Athi River, said that the major shareholders have held two meetings where a general consensus on the issue had been reached. Sale of the shares at the Nairobi Stock Exchange would allow the company to meet the continued listing rules set by Capital Markets Authority.
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