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Shalimar Flowers gets nod to buy Karuturi land

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A solar power plant at Shalimar Flowers farm. [Antony Gitonga, Standard]

The Competition Authority of Kenya (CAK) has approved the sale of more than 100 hectares of Karuturi Flower Farm in Naivasha by Shalimar Flowers.

The competition watchdog said it had okayed the transaction that will see Rhea Holdings, the company that owns Karuturi, which is currently under receivership, sell land to Shalimar Flowers.

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