United Kingdom

Kenya Airways says in discussion with stakeholders to recapitalise balance sheet

Thursday, 8 Jun 2017 

June 8 (Reuters) - Kenya Airways Ltd :Clarifies on media reports that states co has begun a balance sheet optimisation and capital raising exercise‍​.Confirms in advanced stages of discussion with its stakeholders including Government Of Kenya, KLM Royal Dutch Airlines and certain key creditors.Confirms in discussion with its stakeholders to recapitalise balance sheet and secure additional near-term liquidity.Expects shareholders to be invited to participate in new issue of equity on pro rata basis, at significant dilution to current positions.