NMG shares jump 28.3pc after Rostam Azizi buyout

An analysis by Capital FM Business shows that NMG shares were trading at Sh13.25 at the close of trading on the Nairobi Securities Exchange before the takeover announcement. Kenya breaking news | Kenya news today |..

✨ Key Highlights

Shares of Nation Media Group (NMG) experienced a significant surge of 28.3 percent, reaching Sh17, following the acquisition of a majority stake by Tanzanian businessman Rostam Azizi.

NMG shares jumped to Sh17, up from Sh13.25.
The key individuals/entities involved are Rostam Azizi (through Taarifa Ltd) and the Aga Khan Fund for Economic Development.
Azizi will acquire approximately 92.6 million ordinary shares, granting him controlling ownership of NMG.