IFLR1000

Kenya Electricity Generating Company (KenGen) KSh28 billion rights issue

10/5/2016
Share offer
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KSh 28 billion

$ 281 million

Announced

10/5/2016

Overview:

  • Kenya Electricity Generating Company (KenGen) has offered 4,396,722,912 new shares in a KSh28 billion rights issue.
  • The shares were priced at Ksh6.55 per share.
  • The government of Kenya owns a 70% stake in KenGen. 
  • This is said to be Kenya's largest ever rights offer. 

Rani Mehta - Journalist

Jurisdiction:

Kenya

Deal type:

Share offer

Practice area:

Capital markets : Equity

Governing law:

Kenya

Industry sector:

Utilities

Firm:
Walker Kontos

Party: KenGen (Issuer)

Lawyer: Peter M Mwangi

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