Standard Investment Bank (SIB) says the National Treasury is selling its 15 percent stake in Safaricom at a discount of 15.4 percent, based on comparisons of recent transactions of similar assets and the telco's expected future earnings.
The transaction announced last week is priced at Sh34 per share where the buyer –South Africa’s Vodacom Group will pay the government Sh204.3 billion for the six billion shares.
