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Containers maker Metal Cans takes over assets of rival Nampak Kenya
Nampak Kenya which is set to close shop is meanwhile ultimately controlled by Nampak, a South African domiciled firm that is listed on the Johannesburg Stock Exchange (JSE).
Fabricated metal containers manufacturer Metal Cans & Closures Kenya is set to acquire the assets of rival Nampak Kenya following approval of the deal by the competition watchdog.
The deal which has received unconditional approval from the Competition Authority of Kenya (CAK) will see Metal Cans acquire part of the assets of Nampak Kenya including plant and machinery, properties and inventory.
