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Vodacom completes acquisition of additional 20% stake in Safaricom
JSE-listed Vodacom Group has completed the acquisition of an additional 20% effective stake in Safaricom, increasing its shareholding to about 55% This followed the staying of a conservatory order by the Court of Appeal of Kenya on June 26 and the fulfilment of all remaining conditions precedent, allowing the consolidation of one of Africa's foremost telecommunications, financial services and technology businesses.
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itweb.africa
Vodacom seals Safaricom control deal
The pan-African telecom operator's shareholding in Safaricom has increased to 55%, enabling consolidation of its telecoms, financial services and technology businesses.
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businessdailyafrica.com
Vodacom buys State’s Safaricom stake days after court clears sale
The deal reshapes Safaricom’s ownership structure, leaving the Kenyan government with a 20 percent stake in the telecommunications giant.
