The offer risked collapse after investors bought less than 10 percent of the Sh103.6 billion worth of shares, days to the closure of the offer.
By
George Ngigi
Correspondent
Nation Media Group
The State pressured cash-rich parastatals to buy into the initial public offering of Kenya Pipeline Company (KPC) to avoid the sale being declared invalid after high net worth investors snubbed the deal.
The government completed the sale in March, raising Sh106.3 billion after selling a 65 percent stake in KPC through an…
The top 20 shareholders held a 94.27 percent stake in KPC, with nominee accounts of the core owners having a combined 58.5…
About 90 percent of the top owners of KPC Plc bought their shares through proxies during the firm’s IPO, keeping the identity of…
KPC faces a governance dispute after petroleum workers asked the Capital Markets Authority to stop the recruitment of a new…
Rina Hicks, Operations Director at Faida Investment Bank, the lead adviser to the KPC offer, joins Make Money to dissect the…
Uganda spent over Sh30 billion to acquire the 20.15 percent stake in KPC.
