Kenya Shell sold to Nigerian fund in billion-dollar deal

Shell petrol station along Kenyatta Avenue in Nairobi. KENYA SHELL’S petroleum trading business is set to change ownership in the next three weeks and its country chairman Jimmy Mugerwa is expected to step down. File

KENYA SHELL’S petroleum trading business is set to change ownership in the next three weeks and its country chairman Jimmy Mugerwa is expected to step down.

Plans are in place for the firm to get a new corporate brand as Vitol Holding BV and Helios Investment Partners acquire Royal Dutch Shell Plc’s Kenyan business.