The Competition Authority of Kenya (CAK) has approved Car &General’s proposed re-acquisition of a 50 percent stake in diesel engine distributor Cummins C&G Limited (Cummins CG) that it had ceded to franchise US owner in 2017.
The Nairobi Securities Exchange-listed trading firm announced the intention to buy out CMI Africa Holdings BV (Cummins BV) from the jointly held subsidiary in February this year.
