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General

Kenyan court stops sale of Orange Kenya assets

Friday 25 April 2014 | 13:33 CET | News
About 1,000 Orange Kenya retirees have won an injunction stopping the company or any of its assets from being sold until it pays them KES 3.2 billion in severance benefits, Business Daily reported. High Court Justice Njagi Marete barred the company from entering into sale agreements with a third party regarding the properties until it settles the award granted by the Court of Appeal nearly three years ago to the 997 former workers. The retirees who were retrenched in 2006 claim Orange Kenya started to dispose of its prime properties in the face of a financial crisis that could render it

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Categories: General
Companies: Orange Kenya
Countries: Kenya
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