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Kenya Court Overturns $1.6bn Vodacom Purchase of Safaricom Stake
Kenya’s High Court has ordered the reversal of Vodacom’s $1.6bn purchase of a 15 per cent stake in Safaricom, dealing a major blow to the South African telecoms group and raising questions over the Kenyan government’s programme of state-asset sales.The court ruled that the disposal of the government’s holding...