East Africa: A.P. Moller Capital in LPG deal

Fund management company A.P. Moller Capital has completed the acquisition of a 29% stake in KEG Holdings Limited. KEG operates across the LPG value chain in East Africa and owns the largest LPG import marine and storage terminal in the region.

Today, 80% of Kenyan households cook using solid fuels, such as wood and charcoal, which contribute to deforestation and cause severe indoor air pollution with adverse health consequences. This investment supports the transition away from the use of these solid fuels and towards the use of LPG, a cleaner method of cooking.

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