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Jubilee gets CAK nod to acquire Allianz's medical insurance unit

Jubilee Health is wholly owned by Jubilee Holdings. [Samson Wire, Standard]

The competition watchdog has given Jubilee Health the greenlight to unconditionally acquire Allianz Insurance Company of Kenya's medical insurance business.

In a statement yesterday, the Competition Authority of Kenya (CAK) approved the transaction, paving the way for the enhancement of a partnership that began in 2020.

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