ARM Cement PLC was recently put under the administration of Muniu Thoiti and George Weru of PricewaterCoopers (PwC). Many people did not expect the cement manufacturer to be placed under the administration, because of the company’s reputation and its existing strategic partnership with UK development finance institution CDC. CDC invested USD 140 million to purchase … Continue reading What does it mean when a company is placed ‘under administration’?
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What does it mean when a company is placed ‘under administration’?
ARM Cement PLC was recently put under the administration of Muniu Thoiti and George Weru of PricewaterCoopers (PwC). Many people did not expect the cement manufacturer to be placed under the administration, because of the company’s reputation and its existing strategic partnership with UK development finance institution CDC. CDC invested USD 140 million to purchase … Continue reading What does it mean when a company is placed ‘under administration’?