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Deals: Competition Authority approves four mergers, orders job protection

CAK gave nod to acquisition of Coca Cola Beverages Africa (CCBA) Proprietary by Coca Cola Company

NAIROBI, KENYA: Competition Authority of Kenya (CAK) has approved four key mergers in the industry but given a condition that the merging companies protect jobs.

On Monday, the watchdog gave nod to acquisition of Coca Cola Beverages Africa (CCBA) Proprietary by Coca Cola Company. However, the two companies have been given conditions geared towards protecting employees and the consumers.

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