The listed trading firm, Nairobi Business Ventures has announced that it is in the process of acquiring shareholding and assets in an unspecified number of companies.
In a cautionary announcement, the company indicated that its board has authorised the commencement of discussions with the said firms.
Sources have told Metropol TV that the target companies are in the local services and manufacturing sectors.
As at 12.40 p.m, Nairobi Business Venture’s share price was up 7.14 percent to Ksh.4.50.
The firm, which formerly dealt in shoe sales, was re-listed in November 2020 after the Nairobi Securities Exchange (NSE) lifted the suspension of trading of its shares following the conclusion of a Ksh.83 million buyout deal with Duba-based FZE International.
Trading in NBV shares was suspended for one month to allow for the restructuring of the firm.
