Competition Authority of KenyaDeterminationTrade and industry
CAK DECISION ON THE PROPOSED ACQUISITION OF 66.67% SHAREHOLDING OF AIG KENYA INSURANCE COMPANY LIMITED BY NCBA GROUP PLC
CAK competition determinations
The brief
determination
- Issued by
- The Competition Authority of Kenya
- Who it affects
- the proposed acquisition of the remaining 66.67% of the issued share capital of AIG Kenya Insurance Company Limited by NCBA Group Plc
- What changed
- The Competition Authority of Kenya has approved the proposed acquisition of the remaining 66.67% of the issued share capital of AIG Kenya Insurance Company Limited by NCBA Group Plc unconditionally.
- Amounts
- KES 1,000,000,000.00 — combined turnover or assets threshold for merging parties to seek approval from the Authority prior to implementing the proposed transaction