Court stops sale of five public sugar companies
In Summary
-The High Court has stopped the sale pending determination of a suit filed by Transition Authority (TA).
-TA accuses the Privatisation Commission of overlooking its input on disposing of the millers, adding that it is in breach of the law.
-This means the auction of the 51 per cent stake in Sony, Chemelil, Nzoia, Muhoroni and Miwani milling companies to strategic investors will take longer.
http://www.businessdaily...30/-/gc2hal/-/index.html“You can get in way more trouble with a good idea than a bad idea, because you forget that the good idea has limits.” - Ben Graham