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State concludes controversial deal to acquire 40pc stake in De La Rue

Kenya has concluded the acquisition of a 40 per cent stake in UK-owned currency printing firm, De La Rue, at Sh650 million, putting an end to one of the country’s most controversial joint venture transactions.

A dip in the value of the Sterling Pound linked to ‘Brexit’ resulted in Sh100 million savings for Treasury as the buying price is in British currency (£5 million).

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