Kenya court clears Vodacoms $1.6B Safaricom acquisition

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Kenya’s Court of Appeal has cleared the way for Vodacom to proceed with its $1.6 billion Safaricom stake acquisition. The ruling removes a legal block that had delayed the government’s planned sale of a 15% stake in the telecom operator. Vodacom will increase its holding in Safaricom from 40% to 55% and become the sole owner of Vodafone Kenya. The deal still needs final regulatory approvals from Kenyan authorities, but the court decision removes the main legal obstacle.

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