Hass sells 40pc stake

Business Daily Kenya:  Hass Petroleum Group has sold 40 per cent of its shares to Oman Trading International (OTI) in a move that will see ...

Business Daily Kenya: 

Hass sells 40pc stake. Photo/Courtesy

Hass Petroleum Group has sold 40 per cent of its shares to Oman Trading International (OTI) in a move that will see the Kenyan oil marketing company embark on expansion plans across the Eastern, Central and Horn of Africa.

The Group will invest the additional funding from the transaction to enhance its market visibility through new distribution assets specifically Service Stations across its key markets in the region. It will also boost the marketer’s working capital and increase competitiveness in the Open Tender System.

The post Hass sells 40pc stake appeared first on Mediamax Network Limited.

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