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Even with the backing of the biggest shareholder at flour miller Unga Group, American firm Seaboard could still not wrench away shareholding from adamant Kenyans who refused to sell their stake.
The American firm and Victus Limited had created a holding group in 2002 where Unga Group Ltd holds 65 per cent stake and Seabord 35 per cent stake and used this vehicle to operate subsidiaries.
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