Embattled flower farm Karuturi

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KTN Kenya | 28 Jan 2015

Embattled flower farm Karuturi

Receiver managers of embattled flower farm Karuturi, are disputing claims the farm and its assets have been put up for sale. This follows an ad put in the dailies on Monday by the PSJ advisory group giving interested buyers up to the end of February to submit bids for the Naivasha-based flower firm. Karuturi which is one of the world’s top growers of roses was put under receivership in 2014 after failing to service a 383 million shillings loan borrowed from CFC Stanbic Bank.

  

Original source: KTN Kenya
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