By Jaime Llinares Taboada
Anglo African Agriculture PLC said Friday that sure shareholders of Comarco have decided To not proceed with the reverse takeover course of between The two corporations.
The London-listed agency, which in December agreed to phrases for the reverse takeover of Comarco, said these shareholders intend To rearrange for the reimbursement of a $1.5 million mortgage which Is As a Outcome of of AAA.
AAA said that it believes the reverse takeover of the Kenya-based mostly port and maritime providers supplier is in everyone’s pursuits, and that It is nonetheless open to proceed discussions.
“The fact that sure shareholders of Comarco have now decided To not proceed with the transaction is terribly disappointing In any case of the work And power that AAA has put in,” it said.
Write to Jaime Llinares Taboada at [email protected]; @JaimeLlinaresT