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Topic: Government Gets Final Control of Kenya Airways  (Read 1386 times)

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Government Gets Final Control of Kenya Airways
« on: November 21, 2017, 07:04:32 am »
Government Gets Final Control of Kenya Airways

The most significant domestic lenders and Kenya’s government agreed to change $405.35 million of Kenya Airways Plc debt into equity. Therefore, the state gets control of stake and diluting other investors counting Air France-KLM. As Tuko Kenya informs, the government will raise its stake from 29.8% to almost 48.9% from 29.8. Lenders will change their […]
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