Tanzanian tycoon Edhah Abdallah Munif’s bid to purchase an extra 29.2 percent stake in East Africa Portland Cement Company (EAPC) is set to test the competition laws that forbid the sharing of trade secrets among rival firms in the wake of his recent acquisition of Bamburi Cement.
Antitrust law requires scrutiny on deals leading to cross-ownership of firms in the same sectors that could lead to sharing of strategic information such as marketing, sales and pricing plans, which could prevent, distort, or lessen competition and hurt consumers.
