By VICTOR JUMAMore by this AuthorFirms interested in buying out troubled ARM Cement have until the end of this month to make final offers to the company’s administrators PricewaterhouseCoopers (PwC). A new report sent by the administrators to ARM’s creditors has provided additional information on the status of the plans to sell the Nairobi Securities Exchange-listed firm to a strategic investor. “The deadline for submission of binding offers is February 28, 2019,” PwC said in the report seen by Business Daily. “Further to the above, in mid-December, we received a total of fourteen (14) non-binding offers (NBOs) from various interested parties,” PwC said. PwC says it cannot offer more detailed information, adding that it is keen on safeguarding the integrity of the transaction process.

Source: Daily Nation February 15, 2019 04:52 UTC