Nairobi Business Ventures shares back on NSE after Sh83m buyout deal

nairobi securities exchange bourse
[Image source: Riccardo Gangale | Bloomberg]


Business Daily | by Patrick Alushula


The Nairobi Securities Exchange has lifted the suspension of trading of shares of former shoe-seller, Nairobi Business Ventures (NBV), following the conclusion of a Sh83 billion buyout deal by Dubai-based Delta International FZE.

NSE said in a Monday statement that the shares will now resume trading following a half month suspension that allowed for the completion of the company’s restructuring.

“Notice is hereby given on the lifting of the suspension in trading of Nairobi Business Ventures (NBV) Limited securities effective November 30, 2020…

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[Image source: Riccardo Gangale/ Bloomberg]

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