Kenyan High Court rules to unwind Vodacom’s Safaricom takeover

vfw251-vodacom safaricom unwind

Source: Safaricom

Just months after celebrating taking control of Safaricom as a ‘defining moment’, Vodafone’s African arm now faces prospect of enforced €1.4bn deal unwind. From Midrand to London, execs must now confront complex balance-sheet unravelling and regulatory exposure.

This article includes:

  • Themes: Balance sheet consolidation; Critical infrastructure; Digital services; Earnings before interest, taxes, depreciation, and amortisation after leases (EBITDAaL); Financial inclusion; Foreign ownership; Infrastructure investment; Mergers and acquisitions (M&A); National debt; National Infrastructure Fund Act; Privatisation; Public disclosure; State asset sales; Stock valuation; Vision 2030.
  • People: Margherita Della Valle; Mariam Cassim; Matimba Mbungela; Murielle Lorilloux; Raisibe Morathi; Shameel Joosub; William Ruto.
  • Geographic: Africa; Europe; Kenya; London; Midrand; South Africa; United Kingdom (UK).
  • Organisations: Court of Appeal; Government of Kenya; High Court of Kenya; Safaricom; Vodacom Group; Vodafone Group.

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