State, Dangote haggled over Sh0.46 in KPC deal

Kenyan state-backed pension schemes, including the National Social Security Fund (NSSF), failed to secure a sale of Kenya Pipeline Company (KPC) shares to Aliko Dangote at Sh9.50 each. Fund managers sought a 5.3 percent premium over the Nairobi bourse price, a difference of Sh0.46 per share. Deal makers cited by the newspaper said Dangote had threatened to walk away if the demand was maintained.