AfricaAviation News

Kenya Airways small investors stake to be cut

Kenya Airways small investors stake to be cut

More than 78,000 small Kenya Airways shareholders are set for a massive dilution of their stake in the ongoing restructuring that could leave them owning only about 6.7 per cent of the national carrier from 43.7 per cent.
An analysis done by Genghis Capital, an investment bank, shows that based on Kenya Airways’ (KQ) current market price of Sh6.8 per share, the Treasury will emerge as the biggest shareholder of the national carrier with a 41.1 per cent stake immediately after conversion of its debt into shares.
The Treasury has announced plans to convert its Sh25 billion debt into ordinary KQ shares.
Eleven Kenyan banks, which collectively hold Sh23 billion worth of Kenya Airways loans, will hold a 33.7 per cent stake in the airline post the debt conversion as per the Genghis Capital analysis.
Read more

Previous post

WTO rejects most EU complaints over Boeing subsidies in new ruling

Next post

West Africa: Firm to Invest U.S.$20 Billion in Aircraft Leasing Facility

Airline Profits

Airline Profits

Destined for Aviation Leaders and Influencers, Airline Profits is the first aviation magazine devoted to improving airline effectiveness and profitability.
ISSN 2368-7800 (Print)
ISSN 2368-7819 (Online)