January 15, 2019
Volume 2 Issue 29
French Firm to Acquire Kenyan Lube Marketer
Authorities have approved Rubis’ proposed acquisition of KenolKobil, one of East Africa’s leading lubricant suppliers. Rubis, a France-based oil products supplier, already owned 24.99 percent of the Kenyan company when it announced the then $353 million takeover offer in October.