Competition Authority of KenyaDeterminationTrade and industry
CAK DECISION ON THE PROPOSED ACQUISITION OF 51% SHAREHOLDING IN MONARCH INSURANCE COMPANY LIMITED BY ONDOBA LIMITED, KENYORO LIMITED AND EQUICO THIRTEEN LIMITED
28 Ago 2024CAK competition determinations
Muhtasari
determination
- Imetolewa na
- Competition Authority of Kenya
- Inawahusu
- the proposed acquisition of 51% shareholding in Monarch Insurance Company Limited by a consortium of three firms, Ondoba Limited, Kenyoro Limited and Equico Thirteen Limited
- Kilichobadilika
- The Authority approved the proposed acquisition of 51% of the issued share capital of Monarch Insurance Company Limited by Ondoba Limited, Kenyoro Limited, and Equico Thirteen Limited, unconditionally.
- Kiasi
- KES 1,000,000,000.00 — parties whose combined turnover or assets, whichever is higher, is over Ksh. 1 Billion are required to seek approval from the Authority prior to implementing a proposed merger