PROPOSED ACQUISITION 71% confidence via regex

GAZETTE NOTICE NO. 13769

THE COMPETITION ACT

(No. 12 of 2010)

PROPOSED ACQUISITION

IN EXERCISE of the powers conferred by section 42 (1) of the Competition Act, 2010, the Competition Authority of Kenya excludes the proposed acquisition of Joint Control in Imfact B. V. by FSD Africa Investments Limited from the provisions of Part IV of the Act due to the following reasons— (a) The merger will not affect competition negatively; and (b) Although the combined value of assets, which is higher than the turnover was above KSh. 1 Billion for the preceding year, 2020 the target assets were valued at KSh. 167,768,648 which is below KSh. 500 million. Therefore, the transaction meets the thresholds for exclusion as provided in Competition (General) Rules, 2019. Dated the 14th December, 2021. WANG’OMBE KARIUKI, Director-General.

Dated the 14th December, 2021.

Extracted Entities (1)

previous_gazette_ref

13769

Details

Act / Legislation: THE COMPETITION ACT
Reference: No. 12 of 2010
Section: section 42 (1)
Date Signed: 14th December 2021
Page: 45
Extraction Method: regex

Source Gazette

Vol. CXXIII No. 255

Published 3rd March 2021