Helios takeover of Orange Kenya delayed

Wednesday 25 May 2016 | 14:44 CET | News
Private equity firm Helios' acquisition of a 60 percent stake in Orange Kenya has been delayed by failure of the cabinet to approve the sale. The government, which holds 40 percent of the company, is yet to reach a new shareholder agreement with Helios, delaying the transaction announced in October 2015, Reuters reported. Treasury Cabinet Secretary Henry Rotich said legal advisors have been brought on board to examine the deal before the government gives the go ahead. Rotich said the documentation has been finalized and is being reviewed legally before a decision is made. 

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Categories: Mobile & Wireless
Companies: Orange Kenya
Countries: Kenya
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