Business
Vodacom acquires 15pc Govt’s stake in Safaricom after court ruling
📋 Article Summary
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The acquisition increases Vodafone Kenya Limited's, a subsidiary of Vodacom, shareholding in Safaricom to 55 percent, while the government's stake falls to 20 percent from 35 percent. Public investors will continue to hold the remaining 25 percent of the listed… The acquisition increases Vodafone Kenya Limited's, a subsidiary of Vodacom, shareholding in Safaricom to 55 percent, while the government's stake falls to 20 percent from 35 percent. Public investors will continue to hold the remaining 25 percent of the listed telecommunications company.
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