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Oil storage tanks at the Kenya Pipeline Company, Industrial Area, Nairobi.
Photo credit: File | NMG
Top parastatals have sold a combined 24.76 percent stake in Kenya Pipeline Company (KPC) to an identified foreign investor less than eight months after spending billions to buy the shares.
A source familiar with the deal said at least eight parastatals sold their shares in the firm, which were listed on the Nairobi Securities Exchange (NSE) on March 9, to a foreign institution.
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