Kenya’s Galana Oil has come out to dispute reports in a section of media that it had been acquired by UAE-based firm Montford Group.
The story ran on the Business Daily saying they had got the information from a representative of the UAE-based firm.
“We wish to state that our company Galana Oil Kenya Limited and our retail network trading under the brand name Delta HAVE NOT been acquired by the UAE-based Montfort Group or by any other company for that matter. Galana Oil Kenya Limited remains an indigenous and fully owned Kenyan company,” said the company in a statement.
Galana says despite the fact that Montford Group has acquired Kencor Petroleum Limited (a subsidiary of UAE-based Galana Petroleum Investment Limited), which is a distinct Oil Marketing Company in the Kenyan Petroleum Industry, it is not in any way related to them.
“We, therefore, request that the article be corrected to reflect the correct facts and an apology printed as well,” said the company.