Dangote acquires 25% stake in Kenya Pipeline for Ksh 42B
Originally published by KBC Digital — Read the original article →
Dangote Group has been revealed as the private investor who acquired 25.76% stake in Kenya Pipeline Company Valued at Ksh 42.5 billion.
The move comes barely a month after the groundbreaking of a Ksh 2.2 trillion East African Petroleum Refinery which is being constructed by the Nigerian firm.
Dangote Group Chief Executive Officer Aliko Dangote revealed the transaction which involved acquisition of stakes held by Kenyan public entities to Bloomberg, in what is expected to support downstream distribution of petroleum products.