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Mauritian company buys stake in Kenya beverage firm
Phoenix Beverages Limited (PBL) has received approval to acquire a 28.15 percent stake in a local firm that manufactures alcoholic and non-alcoholic beverages. PHOTO | SHUTTERSTOCK
Mauritius-incorporated firm Phoenix Beverages Limited (PBL) has received approval to acquire a 28.15 percent stake in a local firm that manufactures alcoholic and non-alcoholic beverages.
The Competition Authority of Kenya (CAK) on Wednesday announced it had cleared PBL to acquire the minority stake in Africa Originals Limited, an England and Wales incorporated firm that owns Savannah Brands Company. The value of the deal has not been made public.
