Shell Uganda on sale

 

Shell Uganda is now on sale. We have been told that Shell is engaging into negotiations with companies that have interests in buying its shares in Uganda. According to sources, some of the companies which have expressed interests in buying shell Uganda’s interests include Total Uganda and Caltex petrol company.

However Shell Uganda is planning to sell off its capital to another company without the knowledge of its employees. And this promoted the workers at Shell Uganda to petition the commercial court in Kampala. The plaintiffs asked the court to halt the intended sell until the management of Shell assures its employees that their interests would be catered for during the sale.

The court assistant registrar Eudes Keiterima after receiving the petition of the workers has halted the sale until further notice.

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