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Treasury to sell 65pc stake in Kenya Pipeline IPO
National Treasury and Economic Planning Cabinet Secretary John Mbadi when he appeared before the National Assembly Public debt and Privatization Committee at the Continental House in Nairobi on November 28, 2024.
The Treasury will sell a stake of up to 65 percent in Kenya Pipeline Company (KPC) via an initial public offering (IPO) on the Nairobi Securities Exchange (NSE) in the race to raise Sh149 billion from the privatisation of State enterprises.
Treasury Cabinet Secretary John Mbadi on Thursday informed the National Assembly’s Finance and Planning Committee that the State intends to retain a 35 percent stake in KPC.
