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Originally published by The Kenyan Wall Street
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business
September 18, 2025
2w ago

Kenyan Company to Acquire Aga Khan 54% Stake in Nation Media Group

Kenyan Company to Acquire Aga Khan 54% Stake in Nation Media Group

CMA has exempted NPRT from making a mandatory takeover bid as it acquires AKFED’s 54.08% stake in Nation Media Group...

✨ Key Highlights

NPRT Holdings Africa Limited has been exempted by the Capital Markets Authority from making a mandatory takeover offer for Nation Media Group Plc (NMG) minority shares, allowing an internal reorganization of Aga Khan Fund for Economic Development's (AKFED) 54.08% stake.

  • NPRT Holdings Africa Limited will acquire AKFED's 54.08% direct stake in NMG as part of a restructuring to hold the interest through a locally incorporated entity.
  • The exemption was granted on September 10 under the Capital Markets (Take-overs and Mergers) Regulations, 2002.
  • The reorganization will not alter the ultimate control, management, or strategic direction of NMG, and AKFED will remain the beneficial owner through NPRT.

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