October 24, 2018 / 10:45 AM / a year ago

KenolKobil CEO says 25 percent stake sale to France's Rubis is "done deal"

NAIROBI, Oct 24 (Reuters) - KenolKobil’s chief executive officer said on Wednesday a 24.9 percent purchase of its stake by French fuel company Rubis was a “done deal”.

David Ohana told a news conference in Nairobi that the two companies would now wait for Kenya’s capital markets regulator to process Rubis’ takeover offer of the remaining shareholdings in the company. (Reporting by John Ndiso; Editing by George Obulutsa)

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