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Essar Energy Overseas Limited Exit1Treasury Cabinet Secretary Henry Rotich (L) with his Principal Secretary Dr Kamau Thugge addresses the press today, Friday, June 24, 2016 during the signing ceremony for the completion of a transaction that will see the Essar Energy Overseas Limited exit the Kenya Petroleum Refineries Limited (KPRL) through selling their 50 percent shareholding to the Government of Kenya making the Government the owner of all the shares of the company. The Government of Kenya negotiated the terms of the Essar exit on the acquisition of the company's shares in KPRL for a consideration of USDollars 5 million (about Sh 500 Million).

Essar Energy Overseas Limited ExitNarendra Vachharajani, Director, Essar (2nd L) speaks today, Friday, June 24, 2016 during the signing ceremony for the completion of a transaction that will see the Essar Energy Overseas Limited exit the Kenya Petroleum Refineries Limited (KPRL) through selling their 50 percent shareholding to the Government of Kenya making the Government the owner of all the shares of the company. Looking on from L to R: Sushil Baid, a Director, Essar, Eng Joseph Njoroge, Principal Secretary, Ministry of Petroleum and Energy,  Treasury Cabinet Secretary Henry Rotich, and Treasury Principal Secretary Dr Kamau Thugge. The Government of Kenya negotiated the terms of the Essar exit on the acquisition of the company's shares in KPRL for a consideration of USDollars 5 million (about Sh 500 Million).

Essar Energy Overseas Limited Exit2Treasury Cabinet Secretary Henry Rotich (R) flanked by Eng Joseph Njoroge, Principal Secretary, Ministry of Petroleum and Energy (partly hidden),  Narendra Vachharajani, a Director, Essar, and Sushil Baid, a Director, Essar, speaks today, Friday, June 24, 2016 during the signing ceremony for the completion of a transaction that will see the Essar Energy Overseas Limited exit the Kenya Petroleum Refineries Limited (KPRL) through selling their 50 percent shareholding to the Government of Kenya making the Government the owner of all the shares of the company. The Government of Kenya negotiated the terms of the Essar exit on the acquisition of the company's shares in KPRL for a consideration of USDollars 5 million (about Sh 500 Million).

Essar Energy Overseas Limited Exit4Treasury Cabinet Secretary Henry Rotich (R) and Sushil Baid, a Director, Essar today, Friday, June 24, 2016 exchange signed documents for the completion of a transaction that will see the Essar Energy Overseas Limited exit the Kenya Petroleum Refineries Limited (KPRL) through selling their 50 percent shareholding to the Government of Kenya making the Government the owner of all the shares of the company. The Government of Kenya negotiated the terms of the Essar exit on the acquisition of the company's shares in KPRL for a consideration of USDollars 5 million (about Sh 500 Million).



Pictures By Kibet Cheptumo/KNA