The Competition Authority of Kenya (CAK) has allowed the proposed acquisition of control of Riverbank Solutions Limited by KCB Group Plc, but this is dependent on stringent terms regarding access to customer data and the satisfaction of contractual obligations. The approval follows a full merger analysis conducted under the Competition Act, CAP 504 of the
The Competition Authority of Kenya (CAK) has approved the proposed acquisition of 100 percent shareholding of Paramount Bank Limited by Zenith Bank PLC, subject to strict conditions aimed at safeguarding jobs. The Authority said the approval followed an extensive competition and public interest assessment which found that the transaction is “unlikely to lead to a
The Competition Authority of Kenya (CAK) has cleared the acquisition of the whole issued share capital of Transglobal Cargo Centre Limited by Celebi Cargo GMBH without any conditions after finding that the transaction does not present any competition or public interest concerns. The Authority argued in its ruling that the acquisition “is unlikely to hurt
Popular Posts
