Share registry firm, Image Registrars People Performance Partnership, has won a tussle with rival Custody and Registrars Services Limited over a deal to manage the upcoming sale of the government’s stake in Kenya Pipeline Company (KPC).
The Public Procurement Administrative Review Board (PPARB) rejected an application by Custody and Registrars Services Limited that sought to block the Privatisation Authority from awarding a contract for share registry services in the sale of KPC through an initial public offer (IPO), terming it ‘time-barred’.
