So 25% of who?????

So, is the gova selling 25% of safaricom or 25% of its ownership?????
Hapa ni Bw Kimunya...

"On the ownership of Mobitelea, Mr Kimunya said it would not warrant the delaying of the IPO since the Government was only off loading part of its 60 per cent shares. Mobitelea is alleged to own five of the 40 per cent shares held by Vodafone Plc in Safaricom."
http://www.nationmedia.com/dailynation/nmgcontententry.asp?category_id=3&newsid=119896

So safaricom is worthy more than 200B, says Koimett

http://www.bdafrica.com/index.php?option=com_content&task=view&id=6664&Itemid=5822

So the shareholding structure post IPO is to look as follows:

Shareholder	Percentage Holding
PS, Treasury	35%
Vodafone Kenya & Mobitelea	40%
Kenyan Public	25%

Also according to the Prospectus on page 15 it states
"

In accordance with the GoK s policy of divesting its ownership in public enterprises, the GoK through the

Treasury is making available 10,000,000,000 ordinary shares, par value KShs 0.05 each, of Safaricom

(i.e. 25% of the total issued share capital of Safaricom from the GoK s shareholding in Safaricom) "

Then on the same page it states "Total number of issued ordinary shares
of the Company = 40,000,000,000"
Well that tells me that, 10B/40B = 1/4 which is 10B.....