KenolKobil now delisted from NSE after take over by Rubis Energie
SEE ALSO :Rubis snaps up Gulf in expansion spreeThe French fuel storage and distribution company Rubis SCA announced last year announced plan to buy KenolKobil and in January 2019 the oil marketer’s board endorsed the proposed takeover. KenolKobil, worth close to $225 million by market capitalisation, also operates in Ethiopia, Uganda, Rwanda, Burundi and Zambia. With a market value of about $4.7 billion, Rubis already has operations in Africa, as well as Europe, Central America and the Caribbean.
Do not miss out on the latest news. Join the Standard Digital Telegram channel HERE.