Dangote secured KPC stake after pension funds failed to get Sh9.50 per share

TechTrendsKE · 26/10/2026, 15:45:59

Aliko Dangote secured a 24.7% stake in Kenya Pipeline Company (KPC) for KSh42.5 billion after rejecting a Sh9.50-per-share offer from state-backed pension schemes, with the negotiations eventually settling on a lower cash price and a dividend arrangement that raised the effective value to Sh9.36 per share. The Dangote KPC deal gave Africa’s richest man a … The post Dangote secured KPC stake after pension funds failed to get Sh9.50 per share appeared first on TechTrendsKE .