Jacob Segman News
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KenolKobil Ltd., a Kenyan fuel retailer, dropped the most in almost three weeks on speculation a major investor reduced their stake in the company.
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KenolKobil Ltd., a Kenyan fuel retailer operating in 10 countries, fell to the lowest in more than 16 months over uncertainty about the company’s plans to sell assets to recapitalize, Standard Investment Bank Ltd. said.
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KenolKobil Ltd. , a Kenyan fuel retailer with operations in seven African countries, returned to profit in the first half as sales surged amid more stable global oil prices.
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KenolKobil Ltd., a Kenyan fuel retailer with operations in nine African countries, plunged to the lowest level in more than eight months after it ended talks on Puma Energy BV’s planned acquisition of a controlling stake.
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KenolKobil Ltd., a Kenyan fuel retailer with operations in nine African nations, plans to invest $10 million in real-estate projects, Chairman Jacob Segman said.
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KenolKobil Ltd., a Kenyan fuel retailer with operations in nine African countries, said it ended talks on Puma Energy BV’s planned acquisition of a controlling stake.
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KenolKobil Ltd. , a Kenyan fuel retailer that operates in nine African nations, said it plans to make acquisitions in four more countries as part of a strategy to expand outside its home market.
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KenolKobil Ltd., the Kenyan fuel retailer with operations in nine African countries, said first- half profit surged 83 percent as sales climbed and distribution costs dropped.
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The Nairobi Securities Exchange said shares in KenolKobil Ltd. will remain suspended indefinitely after the oil-marketing company announced that its main shareholders plan to sell a majority stake to Puma Energy BV.
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Kenya will introduce controls on petroleum prices on Dec. 15, after the cost of fuel rose by at least 12 percent this year.
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