The competition regulator has told Tuskys Supermarket to resolve shareholder wrangles that could derail the retailer’s intended merger with rival Nakumatt.
The competition watchdog’s director- general, Wang’ombe Kariuki, in a letter to Tuskys’ shareholders says the Competition Authority of Kenya (CAK) cannot consider the merger application before allegations of ownership wrangles and financial stability that were raised in an objection to the deal have been resolved.
