Investment bankers and lawyers who guided Treasury’s sale of a 15 percent stake in Safaricom to South Africa’s Vodacom will pocket nearly Sh2.3 billion in fees, reflecting the advisory earnings surge in the wake of heightened deal-making in Kenya.
Vodacom executives told analysts, in a conference call, that the Safaricom share purchase deal will yield transaction costs of between 200 million rands (Sh1.51 billion) and 300 million rands (Sh2.27 billion), the bulk of which will cover brokerage fees and stamp duty charges.