The restructuring of Kenya Airways, concluded mid-November, has been billed as one of the most complex transactions in the region.
Complex due to the number of companies and institutions involved. The deal saw transaction advisers shuttle from Africa to Europe and America over a two-year period, in a bid to get the stakeholders to buy into the plan.
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The transaction involved two syndicates of international financiers, 11 Kenyan commercial banks, numerous operating lessors, the Kenyan Government and KLM Royal Dutch Airlines.
The complexity was exacerbated by the fac…
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