KenolKobil #ticker:KENO has been directed to deposit Sh101.7 million that is claimed by five former employees into an escrow account, with the court order also lifting an injunction that stopped the oil marketer from being acquired by French multinational Rubis Energie.
The company’s former head of acquisitions, Mr Patrick Kondo, on January 29 received an ex-parte order from Nairobi’s Employment and Labour Relations Court stopping the Sh35.6 billion buyout of KenolKobil pending the determination of his Sh26.8 million claim.
