PROPOSED ACQUISITION 71% confidence via ocr-fallback

GAZETTE NOTICE NO. 2004

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 certain assets of Africa Greatness Pharmaceutical Consultants Limited by Goodlife Pharmacy Limited from the provisions of Part IV of the Act due to the following reasons — (a) the merger will not affect competition negatively; and (b) although the combined turover for the preceding year, 2020, which is higher than the assets, was above KSh. 1 billion for the preceding year, 2020, the target’s assets were valued at KSh. 81,078,901, which is below KSh. 500 million and therefore meets the thresholds for exclusion as provided in the Competition (General) Rules, 2019. Dated the 13th January, 2022. WANG’OMBE KARIUKI, MR/3252096 Director-General.

Dated the 13th January, 2022.

Extracted Entities (1)

previous_gazette_ref

2004

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