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Students, teachers transferable in a merger
The rule is that if the merging parties’ combined turnover/assets is over Sh1bn, you need CAK’s approval before implementing the transaction. PHOTO | SHUTTERSTOCK
Recently, a Kenyan X user (@MihrThakar), asked whether he would be required to seek the Competition Authority of Kenya (CAK)'s approval when merging kiosks.
This query was borne of a ruling by the Competition Tribunal's ruling that, among others, established that students and teachers are assets capable of being acquired during a merger and that payment of the purchase price is not a prerequisite for proving the acquisition has occurred if other parameters have been fulfilled.