KenolKobil’s acquisition by French multinational Rubis Energie and the quest by top banks Equity #ticker:EQTY and KCB #ticker:KCB to expand in the region topped the chart of corporate deals in 2019, with their business impact expected to be felt from next year.
Rubis completed the acquisition of KenolKobil in March at a cost of €312 million (Sh35.8 billion) before following it up with the recent acquisition of Gulf Energy Holdings to mark two local deals in a year.
