CAK approves buyout of Abercrombie & Kent

CAK director-general Wang’ombe Kariuki. FILE PHOTO | NMG

Bahamas-based Heritour Limited has received approval from the Competition Authority of Kenya (CAK) to complete its full buyout of the local subsidiary of Luxembourg-based tour firm, Abercrombie & Kent (A&K).

The target firm, A&K, has several subsidiaries in Kenya, one of them being Abercrombie & Kent Kenya Limited, one of the 328 registered local tour operators, according to the Kenya Association of Tour Operators (KATO).

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