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Nakumatt: Another ailing Kenyan company
Rank: Elder Joined: 10/18/2008 Posts: 3,434 Location: Kerugoya
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copy and past extract Quote:Regulator rejects Tuskys, Nakumatt merger plan.
The CAK says its understanding of the proposal is that:
“The parties have not entered into a substantive share purchase agreement”
That Tuskys has simply proposed to “principally act as a guarantor for the supply of goods to Nakumatt”.
Therefore, the deal cannot be a merger, says the regulator. Source Link From The Business Daily
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Rank: Elder Joined: 6/23/2009 Posts: 14,217 Location: nairobi
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aemathenge wrote:copy and past extract Quote:Regulator rejects Tuskys, Nakumatt merger plan.
The CAK says its understanding of the proposal is that:
“The parties have not entered into a substantive share purchase agreement”
That Tuskys has simply proposed to “principally act as a guarantor for the supply of goods to Nakumatt”.
Therefore, the deal cannot be a merger, says the regulator. Source Link From The Business Daily Carrefour already have all the prime spots previously held by Nakumatt.. A merger that is DOA
KQ ABP 4.26
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Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI
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obiero wrote:aemathenge wrote:copy and past extract Quote:Regulator rejects Tuskys, Nakumatt merger plan.
The CAK says its understanding of the proposal is that:
“The parties have not entered into a substantive share purchase agreement”
That Tuskys has simply proposed to “principally act as a guarantor for the supply of goods to Nakumatt”.
Therefore, the deal cannot be a merger, says the regulator. Source Link From The Business Daily Carrefour already have all the prime spots previously held by Nakumatt.. A merger that is DOA The market is still big. Naivas should in the same fashion take over Uchumi Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 6/23/2009 Posts: 14,217 Location: nairobi
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Ericsson wrote:obiero wrote:aemathenge wrote:copy and past extract Quote:Regulator rejects Tuskys, Nakumatt merger plan.
The CAK says its understanding of the proposal is that:
“The parties have not entered into a substantive share purchase agreement”
That Tuskys has simply proposed to “principally act as a guarantor for the supply of goods to Nakumatt”.
Therefore, the deal cannot be a merger, says the regulator. Source Link From The Business Daily Carrefour already have all the prime spots previously held by Nakumatt.. A merger that is DOA The market is still big. Naivas should in the same fashion take over Uchumi Previous Nakumatt South C now taken over by Naivas.. Nakumatt Lifestyle Monrovia shut down by NSSF.. Nakumatt was in HDU but is now progressed to ICU.. About to kick the bucket
KQ ABP 4.26
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Rank: Elder Joined: 7/28/2015 Posts: 9,562 Location: Rodi Kopany, Homa Bay
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Nakumatt Garden City closed. Nyali closed. kisii, eld, arusha, moshi closed.
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Rank: Elder Joined: 7/28/2015 Posts: 9,562 Location: Rodi Kopany, Homa Bay
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obiero wrote:aemathenge wrote:copy and past extract Quote:Regulator rejects Tuskys, Nakumatt merger plan.
The CAK says its understanding of the proposal is that:
“The parties have not entered into a substantive share purchase agreement”
That Tuskys has simply proposed to “principally act as a guarantor for the supply of goods to Nakumatt”.
Therefore, the deal cannot be a merger, says the regulator. Source Link From The Business Daily Carrefour already have all the prime spots previously held by Nakumatt.. A merger that is DOA Indigenous companies should have filled the void. Not muarabus/French co.
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Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI
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obiero wrote:Ericsson wrote:obiero wrote:aemathenge wrote:copy and past extract Quote:Regulator rejects Tuskys, Nakumatt merger plan.
The CAK says its understanding of the proposal is that:
“The parties have not entered into a substantive share purchase agreement”
That Tuskys has simply proposed to “principally act as a guarantor for the supply of goods to Nakumatt”.
Therefore, the deal cannot be a merger, says the regulator. Source Link From The Business Daily Carrefour already have all the prime spots previously held by Nakumatt.. A merger that is DOA The market is still big. Naivas should in the same fashion take over Uchumi Previous Nakumatt South C now taken over by Naivas.. Nakumatt Lifestyle Monrovia shut down by NSSF.. Nakumatt was in HDU but is now progressed to ICU.. About to kick the bucket Can you be the mortician to do the post mortem analysis and burial Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 7/28/2015 Posts: 9,562 Location: Rodi Kopany, Homa Bay
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Nakumatt thrown out of nanyuki mall for non payment of rent. Thrown out literally... http://nairobinews.natio...nanyuki-branch-evicted/
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Rank: Elder Joined: 6/23/2009 Posts: 14,217 Location: nairobi
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Ericsson wrote:obiero wrote:Ericsson wrote:obiero wrote:aemathenge wrote:copy and past extract Quote:Regulator rejects Tuskys, Nakumatt merger plan.
The CAK says its understanding of the proposal is that:
“The parties have not entered into a substantive share purchase agreement”
That Tuskys has simply proposed to “principally act as a guarantor for the supply of goods to Nakumatt”.
Therefore, the deal cannot be a merger, says the regulator. Source Link From The Business Daily Carrefour already have all the prime spots previously held by Nakumatt.. A merger that is DOA The market is still big. Naivas should in the same fashion take over Uchumi Previous Nakumatt South C now taken over by Naivas.. Nakumatt Lifestyle Monrovia shut down by NSSF.. Nakumatt was in HDU but is now progressed to ICU.. About to kick the bucket Can you be the mortician to do the post mortem analysis and burial Nakumatt died months ago.. No need to discuss it
KQ ABP 4.26
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Rank: Veteran Joined: 4/4/2016 Posts: 2,016 Location: Kitale
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Nakumat kitale branch has been closed. Could anyone please share Nakumat latest financial report? thats the sure way we will know the real cause of their problem. Towards the goal of financial freedom
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Nakumatt: Another ailing Kenyan company
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