Unidentified Investors Trade $327mn Kenya Pipeline Stake in Single Block Deal

Kenya: Ruto Defends Sh42bn Kenya Pipeline Share Transfer, Says Deal Signals Investor Confidence

Nairobi -- President William Ruto has defended the transfer of 4.5 billion shares in Kenya Pipeline Company (KPC) from public entities to private investors, saying the transaction reflects growing confidence in Kenya's capital markets and will help mobilize funds for strategic infrastructure.

Unidentified investors trade $327mn Kenya Pipeline stake in single block deal

Credit: IntelliNewsUnidentified investors traded 4.5bn shares in Kenya Pipeline Company (NSE: KPC), worth ($327mn), in a single transaction equivalent to 24.76% of the company’s issued share capital.

Ruto defends Sh42bn Kenya Pipeline share transfer, says deal signals investor confidence

NAIROBI, Kenya, Oct 20 – President William Ruto has defended the transfer of 4.5 billion shares in Kenya Pipeline Company (KPC) from public entities to private investors, saying the transaction…

Mystery investors transfer KPC shares worth Sh42bn

The government priced the Kenya Pipeline’s initial public offering (IPO) at Sh9 per share for the offer that opened on January 19 and ran until February 24, with the shares opening trading on the...