Dangote refinery share sale in Kenya wins approval after delay
The CMA has approved the Kenyan sale of Dangote refinery shares after a delay to a launch expected on Monday morning, according to Business Daily Africa (direct).
Key takeaways
- The CMA has approved the sale of Dangote refinery shares in Kenya.
- The local sale had been expected to start on Monday morning before the delay.
- The available source material gives no revised opening time, share price or offering size.
A delayed sale of Dangote refinery shares in Kenya has received CMA approval, according to Business Daily Africa (direct). The decision clears the approval hurdle after the local sale had been expected to begin on Monday morning.
The planned offering would put shares—ownership stakes in the refinery—on sale in Kenya. The approval is a step forward, but it is not confirmation that the sale has started.
Business Daily Africa (direct) reported the clearance following the delay. The available source material does not give the reason for the hold-up or specify a revised opening time. It also provides no price or size for the offering.
For readers following African markets, the development concerns a Kenyan share sale linked to the Dangote refinery. The next point to watch is confirmation of when the approved sale will begin.
Sources
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