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Safaricom Confirms Sh204bn Stake Sale, Rejects Vodafone Takeover Speculation

In a public notice issued on Thursday, Safaricom confirmed it had received a formal Notice of Intention from Vodafone Kenya to acquire 6,009,814,200 ordinary shares at Sh34 each. The proposed transaction, valued at Sh204.3 billion (USD 1.6 billion), would be one of the largest...