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Vodacom completes purchase of 35pc Safaricom stake

A SAFARICOM OUTLET ON MOI AVENUE, NAIROBI. FILE PHOTO | NMG
A SAFARICOM OUTLET ON MOI AVENUE, NAIROBI. FILE PHOTO | NMG  

Vodacom has finalised the acquisition of a 35 per cent stake in Kenya’s leading telecoms firm Safaricom #ticker:SCOM after the South African firm received all regulatory approvals.

The transaction, valued at about Sh266.6 billion, has seen Vodacom buy the interest from its parent firm Vodafone, a British multinational.

The transaction received the backing of Vodacom’s largest institutional investor— South Africa’s Public Investment Corporation — in June.

Vodacom’s minority shareholders also ap