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Kenya Court Rules Safaricom Stake Should Return to Treasury
Source: Bloomberg
Legal & LitigationRegulation & LegislationM&A & RestructuringTelecommunications & Media
Kenya’s High Court ruled unconstitutional the government’s sale of a stake in East Africa’s largest mobile-network operator to Vodacom Group. The ruling jeopardizes the transaction and creates legal and regulatory uncertainty for Vodacom, the operator, and future state asset sales in Kenya.
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