The Vodacom Safaricom deal closed on June 30: $2.1 billion gives the South African group 55% of East Africa's most profitable company.
KENYA · MARKETS
Key Facts
—Deal closed: Vodacom completed its $2.1 billion purchase on June 30, days after Kenya’s Court of Appeal cleared the transaction. Its stake rises from 35% to 55%.
—Two sellers: The South African group bought the Kenyan government’s 15% holding and a further 5% from Vodafone International.
—What Kenya banks: The Treasury expects KSh 204.3 billion from the sale, plus a KSh 40.2 billion dividend top-up tied to its remaining stake.
As the South African pushes to expand East Africa presence with controlling stake
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All conditions precedent to the transaction have now been fulfilled or waived
