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Article: French firm buys out Caltex in Kenya, Uganda
- Article from:
- Xinhua News Agency
- Article date:
- November 4, 2008
CopyrightCopyright 2008 Xinhua News Agency. Provided by ProQuest LLC. (Hide copyright information)
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French firm buys out Caltex in Kenya, Uganda
NAIROBI, Nov. 4 (Xinhua) -- French oil company Total has bought
Chevron businesses in Kenya and Uganda.
Chevron, the American oil giant which trades in Kenya as Caltex,
announced that its subsidiary Chevron Africa Holdings Ltd had agreed
to sell 100 percent of its shareholding in Chevron Kenya and Chevron
Uganda to Total.
Under the terms of the sales, Total is to acquire Chevron's
marketing businesses in both countries. Chevron Kenya Limited and
Chevron Uganda Limited's assets include ...