Curtains fall as Karuturi finally closes shop

Citizen Digital | 6 May 2016

By Michael Karanja
 One of the country’s largest flower farms Karuturi limited has officially been closed, with receiver managers and liquidators moving in to wind up the farm.
This follows the lifting of a ban barring the sale of Karuturi’s assets and property to pay off its debts.  CfC Stanbic Bank placed Karuturi under receivership in February 2014 after the flower firm defaulted on repayment of its Sh400 million loan.

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