[File photo]NAIROBI, KENYA: Nairobi Securities Exchange (NSE) has temporarily suspended trading of Kenya Airways stock. This is to enable a share split and simultaneous consolidation of the company’ stock which forms part of the Kenya Airways PLC capital transaction. The suspension is to facilitate the share split and simultaneous consolidation of the company’s shares which forms part of the Kenya Airways PLC capital transaction,’ reads statement. The government this week agreed to convert Kenya Airways debt into equity giving it a controlling stake in the airline. The government currently owns ordinary shares in Kenya Airways to the tune of 29.8 percent of the issued share capital.

Source: Standard Digital November 15, 2017 12:09 UTC