Rubis Energie, which is the owner of KenolKobil, has announced plans to restructure the 33 KenolKobil petrol stations in Uganda and Rwanda.
The restructuring, which will mainly target the internal controls, organisation and governance structures, is aimed at upgrading the stations to Rubis’ standards.
The 33 units had initially been acquired by KenolKobil from Delta Petroleum before it was later acquired by Rubis.
“The integration of the subsidiaries is underway, with a new management team working to refocus the business on segments with higher margins and better visibility,” said Rubis in its half-year 2019 performance update.
KenolKobil exited from Nairobi Securities Exchange after it was taken over by Rubis earlier this year.
Rubis is a France-based international company specialized in the storage, distribution and sale of petroleum, liquefied petroleum gas (LPG), food and chemical products.