Treasury Rakes in Sh245b From Safaricom Sale Transaction

Treasury rakes in Sh245b from Safaricom sale transaction

Vodacom also agreed to buy the right to receive future Safaricom dividends and will make an upfront payment of Sh40.2 billion to the Treasury.

Debt-strained Kenya to sell Safaricom stake to Vodacom in $1.6bln deal

Vodacom to become controlling shareholder of Safaricom

Safaricom PLC Shareholding Restructure: Vodafone Kenya to Acquire 35% Government Stake

Safaricom PLC has announced a major restructuring of its shareholding structure following a proposed acquisition by Vodafone Kenya Limited. The move involves Vodafone Kenya acquiring 35% of Safaricom’s issued share capital from the Government of the Republic of Kenya, a transaction valued at KES 254.1 billion (approx. USD 1.65 billion). This acquisition will increase Vodafone [...] The post Safaricom PLC Shareholding Restructure: Vodafone Kenya …