PROPOSED ACQUISITION 71% confidence via regex

GAZETTE NOTICE NO. 4361

THE COMPETITION ACT

(No. 12 of 2010)

PROPOSED ACQUISITION

PURSUANT to the provisions of section 46 (6) of the Competition Act, 2010, it is notified for general information that in exercise of the powers conferred upon the Competition Authority by section 46 (6) (a) (ii) of the Competition Act, the Competition Authority has authorized the proposed transaction as set out herein on Condition (s) that: (a) The Acquirer and the Target will each maintain the terms agreed with the borrowers in respect of all loans existing in their loan books at the time of the acquisition; and (b) The Acquirer and the Target will each retain their existing performing and non-performing loans in accordance with their terms up to and until the expiry of such loans so long as the said terms are not in contravention of the provisions of the Competition Act No.12 of 2010. Dated the 16th April, 2021. WANG’OMBE KARIUKI , Director-General.

Dated the 16th April, 2021.

Extracted Entities (1)

previous_gazette_ref

4361

Details

Act / Legislation: THE COMPETITION ACT
Reference: No. 12 of 2010
Section: section 46 (6)
Date Signed: 16th April 2021
Page: 49
Extraction Method: regex

Source Gazette

Vol. CXXIII No. 96

Published 7th January 2021