Kenya Launches $825 Million IPO for State-Owned Oil Pipeline Company
Nairobi is selling 65% of Kenya Pipeline Company for 106.3 billion Kenyan shillings ($825 million). This transaction would be East Africa’s largest initial public offering in local currency.
| Countries | Kenya |
|---|---|
| Companies | LSEG |
| Sector | Pétrole |
| Theme | Marchés & Finance |
The Kenyan government has launched the sale of 65% of its national pipeline company. The transaction aims to raise 106.3 billion Kenyan shillings, or $825 million, according to offer documents. This initial public offering is part of the state divestment strategy from public enterprises led by President William Ruto. The administration is simultaneously reducing its stake in telecoms operator Safaricom.
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