Shell sells Rwanda business
Dec 01, 2005
SHELL Public Limited Company has sold its Rwanda business, Shell Rwanda SARL, to Kenya Oil Company Limited (KENOL) in a move intended to deliver maximum value to shareholders.
By Peter Kaujju
SHELL Public Limited Company has sold its Rwanda business, Shell Rwanda SARL, to Kenya Oil Company Limited (KENOL) in a move intended to deliver maximum value to shareholders.
“Royal Dutch Shell announced it has signed a Sale and Purchase Agreement with KENOL relating to divestment of Shell Rwanda SARL, which operates a retail network of 17 sites, a fuel and lubricants business and a fuel storage depot under a long-term lease with government,†a report released by Ivan Kyayonka Shell Uganda’s managing director and country chairman said.
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SHELL Public Limited Company has sold its Rwanda business, Shell Rwanda SARL, to Kenya Oil Company Limited (KENOL) in a move intended to deliver maximum value to shareholders.
“Royal Dutch Shell announced it has signed a Sale and Purchase Agreement with KENOL relating to divestment of Shell Rwanda SARL, which operates a retail network of 17 sites, a fuel and lubricants business and a fuel storage depot under a long-term lease with government,†a report released by Ivan Kyayonka Shell Uganda’s managing director and country chairman said.
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