KenolKobil enters Burundi through acquisitions

 (Reuters) - Kenyan oil retailer KenolKobil (KENO.NR)

has bought Oil Burundi S.A. from Engen International

and three service stations from

an independent marketer,

its managing director said on Thursday

The acquisitions will increase KenolKobil's regional

presence to seven countries as it operates

in Rwanda, Zambia, Tanzania, Uganda and Ethiopia.

"Oil Burundi S.A. is a distributor of lubricants and

white products in Burundi and will be

a 100 percent subsidiary of KenolKobil,"

Jacob Segman said in a statement.

"We further advise that KenolKobil has acquired

three service stations branded SONITRA

in Burundi from an independent oil marketer."

The firm, which swung into a surprise first-half loss

due to oil price volatility, did not disclose

the value of the deal.

(Reporting by Duncan Miriri; Editing by Dan Lalor)

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