CAK clears Consult Bidco’s takeover of Mace Consult Holdings
NAIROBI, Kenya, Nov 18 - The Competition Authority of Kenya (CAK) has approved the proposed acquisition of sole control of Mace Consult Holding Limited Kenya breaking news | Kenya news today |..
✨ Key Highlights
The Competition Authority of Kenya (CAK) has approved the acquisition of Mace Consult Holdings Limited by Consult Bidco Limited, stating the deal complies with merger regulations and will not negatively impact competition or public interest.
- The transaction involves an acquisition of 100% of the issued share capital of Mace Consult Holdings.
- Consult Bidco Limited is ultimately controlled by GS Group Inc., a publicly listed firm on the New York Stock Exchange.
- The deal crossed the mandatory notification threshold for mergers with combined turnover or assets of at least Sh1 billion.
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