U.K ANGOLA GHANA
NEWS
April 5, 2019
Mocoh acquires Engen’s Ghana operations
Mocoh Ghana Limited has acquired 100 per cent shares of Engen Ghana Limited to inject in the Ghanaian Oil Marketing Company industry dynamism to help customers find the right solutions to ever changing market conditions.

The transaction agreement was signed between Engen Holdings (Pty) Limited and Mocoh Ghana Limited on March 1, 2019 and made available to the Ghana News Agency in Accra on Thursday.
According to the agreement, Mocoh Ghana an affiliate of Reston Energy, a Ghanaian petroleum company would hold 55 per cent and the Mocoh Group 45 per cent shares.

Mr Kwame Kessie, Mocoh Ghana Managing Director, explained that the company has been active in Ghana for the last four years as a strong supply and trading partner to the public and private sector.

He said the agreement took into consideration the government of Ghana’s vision to increase local content in the petroleum sector, therefore Mocoh Ghana is an indigenous company with the majority of the equity held by Ghanaians.
Source: GhanaWeb

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