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GAZETTE NOTICE NO. 2613
GAZETTE NOTICE NO. 2613
THE TRANSFER OF BUSINESSES ACT
(Cap. 500)
TRANSFER
NOTICE is given under the Transfer of Business Act (Chapter
500, Laws of Kenya) that the business of producing and processing of
breakfast cereals and extruded snacks carried on by Groupaco
Holdings Limited (Company Number CPR/2016/221405)
(“Transferor”) at Land Reference Number Block/3/1431, Mavoko
Town, Machakos, Post Office Box Number 2942 Village Market,
Nairobi, will subject to the fulfillment of certain conditions precedent,
be transferred to Bidco Africa Limited (Company Number C.36096)
(“Transferee”) pursuant to the terms of a business and asset transfer
agreement entered into between the Transferor and Transferee on 19th
February, 2025 (the “Agreement”).
In the event that the conditions precedent to the Agreement are
fulfilled, the Transferee intends to acquire all assets particularly listed
in the asset purchase agreement entered into by the Transferor and
Transferee. All book debts, cash, business contracts, creditors,
liabilities, tax; and any other assets not comprising the sale assets due
and owing by the Transferor in respect of the business of producing
and processing of breakfast cereals and extruded snacks up to the date
of the transfer as set out above, shall be received and paid by the
Transferor. Save as specifically provided in the agreement, the
Transferee will not assume nor is intended to assume any liabilities
incurred by the Transferor in the business up to the date of the transfer.
If the Agreement is not completed this notice shall be void ab initio
and shall be of no effect.
The address of the Transferor is P.O. Box 2942, Village Market,
Nairobi, with a copy to Samuel Kisuu c/o CNK Advocates LLP, P.O.
Box 1400–800800, No. 7 Swiss Cottages, Ring Road Riverside,
Nairobi.
The address of the Transferee is P.O. Box 48232-00100, Nairobi
with a copy to Benedict Nzioki c/o CNK Advocates LLP, P.O. Box
14008–00800, No. 7 Swiss Cottages, Ring Road Riverside, Nairobi.
Dated the 26th February, 2025
GROUPACO HOLDINGS LIMITED
Transferor
BIDCO AFRICA LIMITED
Transferee
MR/6545628
Dated the 26th February, 2025.
GROUPACO HOLDINGS LIMITED,
Extracted Entities (1)
previous_gazette_ref
2613
Details
- Act / Legislation
- THE TRANSFER OF BUSINESSES ACT
- Reference
- Cap. 500
- Signed By
- GROUPACO HOLDINGS LIMITED
- Date Signed
- 26th February 2025
- Page
- 63
- Extraction Method
- regex
Source Gazette
Vol. CXXVII No. 42
Published 6th January 2025