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ANOTHER WAR AFTER SALE
🖋️You remember the Gulf and Rubis energies fight in court sometime back?? Well, we have a fresh fight between Catalyst Principal Partners and former owner of Britannia Biscuits (formerly Jambo Biscuits). Catalyst accuses Britannia of inflating the...
🖋️You remember the Gulf and Rubis energies fight in court sometime back?? Well, we have a fresh fight between Catalyst Principal Partners and former owner of Britannia Biscuits (formerly Jambo Biscuits). Catalyst accuses Britannia of inflating the...
confectionery's buyout price by almost 10 times. Similar to Gulf/Rubis deal in which Rubis accused Gulf of inflating the value to the tune of billions.
🖋️Catalyst boss said, "This was orchestrated through the falsification of financial statements and other documents, which
🖋️Catalyst boss said, "This was orchestrated through the falsification of financial statements and other documents, which
indicated that the true value of the business was Sh. 1.2 billions as opposed to Sh. 126 millions, and thus the said respondents acted in breach of the agreement."
🖋️Now that is a big gap right there. How did they miss such a big gap? We're they too hungry for the deal?
🖋️Now that is a big gap right there. How did they miss such a big gap? We're they too hungry for the deal?
