Wednesday, July 18, 2007

Kenya court dismisses case against Kenya Re

(Reuters) - A Kenyan judge dismissed on Wednesday a suit seeking to prevent the Kenya Reinsurance Corporation (Kenya Re) from selling shares to the public, saying the case lacked merit.

The government plans to sell a 40 percent stake in Kenya Re for 2.28 billion shillings in an initial public offering (IPO) next month. The public has between July 18 and 31 to place its orders.


Read more at Reuters Africa

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