Tag: Maximus Group

Maximus Group acquires 100% control of its step-down subsidiary in Kenya

MX Africa Limited (MXAL), has entered into SPA to acquire the remaining 49 per cent stake in the Kenya-based Quantum Lubricants Limited (QLL). MXAL is the Kenya-based wholly owned subsidiary of Maximus International Limited (MIL). Earlier, in 2019, MXAL had acquired a 51 per cent equity stake in QLL which paved its entry into lubricant…