Nairobi, July 3 -- Kenya Airways #ticker:KQ shares have been suspended from trading on the Nairobi bourse for three months as the process of State takeover enters a crucial stage.
Nairobi Securities Exchange said in a Friday morning statement that KQ had applied for the suspension.
This will also see the airline's share register closed until the resolution of its future is determined.
"The company's operational and corporate restructure and Government buy-out is now imminent following the publication of the National Management Aviation Bill, 2020, on 18th June 2020," said NSE.
"Consequently, the company has applied for suspension of trading in its shares and closure of its register until the resolution of its future is determined."
The...