PROPOSED ACQUISITION 71% confidence via regex

GAZETTE NOTICE NO. 6967

THE COMPETITION ACT

(No. 12 of 2010)

PROPOSED ACQUISITION

PURSUANT to the provisions of section 46 (6) (a) (ii) of the Competition Act, 2010, it is notified for general information that the Competition Authority of Kenya has authorized the proposed acquisition of an additional 26% shareholding in Kenya Wine Agencies Holdings East Africa Limited by Distell International Holdings Limited resulting in 52% majority shareholding on condition that— (a) the merged entity continues to manufacture and sell Kibao Vodka, Kingfisher, County Brandy, Papaya, Caprice, Viceroy, Cellar Cask and Yatta Juice brands, currently being undertaken by Kenya Wine Agencies in Kenya, for at least three (3) years; and (b) the merged entity ensures that for a period of at least three (3) years, the forty-two employees currently working in the production unit of the Kenya Wine Agencies are not declared redundant or otherwise terminated than in accordance with the provisions of the Employment Act, 2017. Dated the 31st May, 2017. WANG’OMBE KARIUKI, Director-General.

Dated the 31st May, 2017.

Extracted Entities (1)

previous_gazette_ref

6967

Details

Act / Legislation: THE COMPETITION ACT
Reference: No. 12 of 2010
Section: section 46 (6) (a)
Date Signed: 31st May 2017
Page: 20
Extraction Method: regex

Source Gazette

Vol. CXIX No. 99

Published 17th January 2017