PROPOSED ACQUISITION 71% confidence via ocr-fallback

GAZETTE NOTICE NO. 2001

THE COMPETITION ACT

(No. 12 of 2010)

PROPOSED ACQUISITION

IN EXERCISE of the powers conferred by section 42 (1) of the Competition Act, 2010, the Competition Authority of Kenya excludes the proposed acquisition of a minority shareholding with certain control rights in Korber Supply Chain Software Management GMBH by Horizon Bidco S.A R.L. from the provisions of Part IV of the Act due to the following reasons— (a) the merger will not affect competition negatively: and (b) the combined value of the assets for the receding year, 2020, which was higher than turnover, was above KSh, ! billion but the target has no assets and its turnover was KSh. 2,802,196.00 and therefore, the transaction meets the thresholds for exclusion as provided in the Competition (General) Rules, 2019. Dated the 13th January, 2022. WANG’OMBE KARIUKI, MR/3252066 Director-General,

Dated the 13th January, 2022.

Extracted Entities (1)

previous_gazette_ref

2001

Details

Act / Legislation: THE COMPETITION ACT
Reference: No. 12 of 2010
Section: section 42 (1)
Date Signed: 13th January 2022
Page: 29
Extraction Method: ocr-fallback

Source Gazette

Vol. CXXIV No. 34

Published 1st January 2022