CAK okays Zuku TV owner, foreign firms bid to convert loans into shares

zuku-sign

The Competition Authority of Kenya (CAK) has approved the decision of three foreign firms to convert Internet and pay TV provider Wananchi Group loans into shares.

The companies include Triple HoldCo Limited (THL), Liberty Global Europe 2 Limited (Liberty) and Altice Africa S.A.R.L (Altice), the competition watchdog said in a statement Tuesday.

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