CAK approves buyout of flower firm Oserian

An Oserian flower farm worker tends roses. FILE PHOTO | NMG

Cash-strapped flower exporter Oserian Development Company Limited has received nod to be acquired, offering a lifeline to more than 700 workers who were staring at job losses.

The Competition Authority of Kenya (CAK) has unconditionally approved the acquisition of Oserian’s floriculture business and certain assets by a newly formed company— Bohemian Flowers Limited.

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