Competition authority approves Menengai Group’s bid to acquire beverage company Aquamist

KENYA – The Competition Authority of Kenya (CAK) has approved the proposed takeover bid that will see consumer goods Menengai Group acquire full owenership of water and beverage company Aquamist. Under the transaction, Menengai will acquire the entire issued share capital of Aquamist through Aquapani Limited. “Premised on the fact that the transaction is unlikely to raise negative competition or public interest concerns, the Authority approved the proposed acquisition of 100 percent of the issued shares in Aquamist Limited by Aquapani Limited,” CAK said in a statement. According to a…

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