Faida Investment Bank (FIB) has been selected to midwife the state’s planned partial exit from Kenya Pipeline Company (KPC), in a move that will earn it millions of shillings in fees and give it visibility as the market looks to recruit more retail investors.
The Business Daily has established that FIB has received the award letter for Lead Transaction Advisor and is now earmarked to spearhead the state’s planned sale of up to 65 percent stake of KPC in a bid to raise Sh100 billion.
