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Kenya: The Government will sell a 26 per cent stake in Kenya Wine Agencies Ltd (KWAL) for Sh860 million to South African firm Distell Limited.
The Privatisation Commission on Friday said it had concluded negotiations with Distell for the sale of some of the Government shares in KWAL. The Government has a 72.65 per cent shareholding in KWAL that is held by the Industrial and Commercial Development Corporation (ICDC).
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