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News Brief | August 2016

Essar Group company sells entire stake in KPR

In a bid to monetise non-core assets, Essar Energy has sold the entire 50 per cent stake in Kenya Petroleum Refineries (KPR) to the Kenyan government. The two parties, along with Essar Energy Holdings, have entered into an agreement on the transfer of shares, said the Essar Group company in its release. This transaction marks Essar Energy┬┤s complete exit from the refinery, which operates a 4-million tonne (MT) oil refinery in Mombasa, Kenya.
Contact: Essar Group
Tel: +91-22- 66601100
Website: www.essar.com
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