Nairobi — REA Trading Limited (REAT) has received regulatory approval from the Capital Markets Tribunal for its bid to acquire fully, all the listed shares in Rea Vipingo Plantations Limited following a settlement agreement with Centum Investment Company.
In the deal, Centum will acquire a total of 9,646 acres of land in Vipingo at a price of Sh180,000 per acre as well as take Rea Vipingo's subsidiary, Vipingo Estates Limited which owns approximately 900 acres of land, at a price of approximately Sh340 million.
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