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Kenya parliament may not review Orange stake sale to Helios

Monday 16 November 2015 | 11:58 CET | News
Orange deal France Telecom's intended sale of a 70 percent stake in Orange Kenya to Helios has been termed a private transaction, putting the deal outside the scrutiny of Parliament. According to Business Daily, the transactions adviser who worked on the deal reckons it is a private one and the State's holding of 30 percent in the operator will not be affected by sale to the London-based private equity firm. There have been calls from lobby groups and a member of the National Assembly's Public Investment Committee (PIC) for the terms of the deal to be made public before approval. It must be

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Categories: General
Companies: France Telecom / Orange Kenya
Countries: Kenya
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