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Kenol Kobil (KENO) has finally been delisted from Nairobi Securities Exchange following its acquisition by the French firm, Rubis Energie.

The exit leaves Total Kenya (TOTL) as the only oil marketer whose shares are trading at the bourse. Capital Markets Authority suspended trading of the shares on the bourse in March following the conclusion of the Sh36 billion buyout by Rubis.

 

Investors in Kenol Kobil offered 1,145,757,700 shares up for sale; equivalent to 96.85 per cent of shares not already owned by the French company. Only 3.1 per cent of the shareholders declined the deal.

 

  • Africa Investor Summit 2018
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