NAIROBI (Reuters) - Kenya Airways will not sell any of its shares in Precision Air when the Tanzanian carrier offers stock to the public later this year, both companies said on Friday.
With an 85 percent market share, Precision is the main airline in Tanzania, which is east Africa's second-largest economy.
It wants to raise about $28 million by selling 65 percent -- 55 million shares -- of its authorised but unissued shares.
