The Competition Authority of Kenya (CAK) has approved the unconditional acquisition of the entire issued share capital of Kenya Bottling Company Limited by Mauritius-based Crown Beverages Limited.
In a Gazette Notice on Friday, the competition watchdog said the approval had been granted based on the finding that the transaction was unlikely to negatively impact competition in the non-alcoholic ready-to-drink beverages, nor elicit negative public interest concerns, the two key considerations during a merger analysis.
