The top 20 shareholders held a 94.27 percent stake in KPC, with nominee accounts of the core owners having a combined 58.5 percent stake.
By
Kepha Muiruri
Business Reporter
Nation Media Group
About 90 percent of the top owners of Kenya Pipeline Company (KPC) Plc bought their shares through proxies during the firm’s initial public offering (IPO), keeping the identity of the investors anonymous.
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