The watchdog says that the deal was given a green light as it could not affect competition negatively and that the transaction met the threshold for exclusion provided under the Competition (General) Rules, 2019.
Another reason was that the combined value of the merging parties in 2021 was above Sh1 billion; the value of the assets of the target was Sh325.6 million, which is less than five hundred thousand shillings.
“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 Mawingu Network Limited (Mauritius by Infraco Africa Investment Limited from the provisions of Part IV of the Act…..,” said Adano W. Roba, acting Director-General CAK
Access our platform effortlessly on-the-go through our user-friendly mobile apps.
๐ฆ๐ฒ๐บ๐ฎ๐๐ผ๐ฐ๐ถ๐ฎ๐น ๐ถ๐ ๐๐ต๐ฒ๐ฟ๐ฒ ๐ฟ๐ฒ๐ฎ๐น ๐ฝ๐ฒ๐ผ๐ฝ๐น๐ฒ ๐ฐ๐ผ๐ป๐ป๐ฒ๐ฐ๐, ๐ด๐ฟ๐ผ๐, ๐ฎ๐ป๐ฑ ๐ฏ๐ฒ๐น๐ผ๐ป๐ด. Weโre more than just a social platform โ from jobs and blogs to events and daily chats, we bring people and ideas together in one simple, meaningful space.
