CAK DECISION ON THE PROPOSED ACQUISITION OF CONTROL OF LIPTON TEAS AND INFUSIONS KENYA PLCBY B COMMODITIES ME (FZE)

Summary

The Competition Authority of Kenya has approved the proposed acquisition of 98.56% of the issued share capital of Lipton Teas and Infusions Kenya PLC by B Commodities ME (FZE) unconditionally.

Who it affects

the proposed acquisition of 98.56% of the issued share capital of Lipton Teas and Infusions Kenya PLC by B Commodities ME (FZE)

Amounts

• KES 1,000,000,000.00 — combined turnover or assets, whichever is higher, over which merging parties are required to seek approval from the Authority prior to implementing the proposed transaction
• KES 163,300,000,000.00 — tea earnings annually in 2022
• KES 22,000,000,000.00 — export earnings and local sales, respectively, in 2022