Petronas African unit, Engen Petroleum Ltd., has bid again to buy Royal Dutch Shell Plc and BP Plc’s Zimbabwean businesses, the state-controlled Herald said, citing Engen special projects consultant Andrew Bryce.
The National Indigenisation and Empowerment Fund on March 25 rejected an offer for the businesses from Engen and Kenya’s KenolKobil Ltd., the Harare-based Herald said. The bid prompted opposition from black-empowerment lobbying groups, the newspaper said.
The new bid by Engen meets Zimbabwean laws regarding black ownership of companies, the Herald quoted Bryce as saying.
