×
The Standard e-Paper
Kenya’s Boldest Voice
The Standard Group Plc is a
multi-media organization with investments in media platforms spanning newspaper
print operations, television, radio broadcasting, digital and online services. The
Standard Group is recognized as a leading multi-media house in Kenya with a key
influence in matters of national and international interest.
The Competition Authority of Kenya has approved the acquisition of 25 per cent stake of TransCentury by an American private equity firm.
CAK Director General Wang’ombe Kariuki announced the approval on Friday, to eliminate the last hurdle of the complex acquisition by Kuramo Capital. “It is notified for general information that the Competition Authority of Kenya has authorised the proposed subscription for 24.99 per cent shareholding in Trans-Century Limited by Kuramo Africa Opportunity Kenyan Vehicle Limited,” Kariuki said in the gazette notice published on Friday.
Subscribe to our newsletter and stay updated on the latest developments and special offers!
join