Court stops KenolKobil takeover
13 September 2012, 12:18
The High Court has temporarily blocked the takeover of Kenya’s leading fuel marketer KenolKobil by Swiss-based Puma Energy.
Kenya Pipeline Company (KPC) won an injunction stopping the marketer
from entering into any sale agreement with Puma Energy until a legal
suit over its Sh2 billion claim against KenolKobil is heard.
The case will be heard on September 24 when the court will decide whether to extend the injunction or not.
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