4 January 2014

Kenya: Access Delisted From NSE

THE Nairobi Securities Exchange on Friday formally notified shareholders and investors of delisting of ICT infrastructure company Access Kenya from its trading floor.

The exit from the bourse which was effected on November 25 last year, follows a successful take-over by South African ICT solutions giant Dimension Data for Sh3.052 billion.

Access Kenya shareholders were paid Sh14 per ordinary share, a transaction approved by Capital Markets Authority.

Access would be followed out of the NSE later this year by Kenya's fourth largest auto dealer CMC Holdings that is on verge of being bought by Dubai based Al-Futtaim Group for Sh7.6 billion.

Minority shareholders of CMC have until January 24 to sell their shares at Sh13.

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