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January 15, 2019

Volume 2 Issue 17

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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.