Rubis energie buys off Gulf Energy Holdings Limited

PHOTO: Courtesy

French Firm Rubis Energie has bought off Gulf Energy Holdings Limited (GEHL) making it a local market leader with a market share of 20 percent

According to an article by the business daily the company has not yet disclosed the value of the deal that happened in paris ,however Rubis and GEHL is still awaiting confirmation from Kenya’s regulators.

The company that already operates in 12 African countries will take over 46 GEHL gas stations, aviation fuels, LPG and lubricants.

This comes after Rubis bought off shares held by Kenol Kobil early this year.