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French firm Rubis in takeover bid for KenolKobil

KenolKobil’s board has proposed an interim dividend of Sh0.36 per share. FILE PHOTO | NMG

By  Charles Mwaniki

Business Reporter

Nation Media Group

French Oil firm Rubis Energie has made a takeover bid for listed oil marketer KenolKobil. #ticker:KENO

The French firm, which already owns 25 per cent of KenolKobil, said in a notice on Wednesday that it will pay Sh23 a share for the remaining 75 per cent stake, valuing the offer at Sh23.4 billion.

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