Maximus Group to acquire balance 49Percentage stake in Kenya-based Quantum Lubricants

22 Sep 2022 , 01:31 AM

MX Africa MXAL has entered into SPA to acquire the remaining 49 per cent stake in the Kenya-based Quantum Lubricants QLL MXAL is the Kenya-based wholly owned subsidiary of Maximus International MIL Earlier in 2019 MXAL had acquired a 51 per cent equity stake in QLL which paved its entry into lubricant manufacturing in the African markets With the ongoing acquisition of the 49 per cent MXAL will take total control over QLLs entire operations