Article: French firm buys out Caltex in Kenya, Uganda

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 ...

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