The competition regulator has rejected retail chain Tuskys’ proposed merger with troubled Nakumatt Supermarkets, arguing that the application for regulatory review was done under the wrong clause of the antitrust law.
In a letter to the two retailers seen by the Business Daily, the Competition Authority of Kenya (CAK) has advised that a fresh application be made for an exemption from regulations on anti-competitive behaviour rather than approval for the merger they had sought.
