German based Brenntag Holding gets nod to acquire Kenyan firm Desbro

KENYA – The Competition Authority of Kenya (CAK) has approved acquisition of Kenyan chemical distributor Desbro Limited by Brenntag Holding B.V., a subsidiary of Germany-based chemical distributor Brenntag Group, reports Business Daily. CAK approved the acquisition on condition that Brenntag retains 80 employees who currently work at the firm for a period of one year. The transaction will see 100% acquisition of the Desbro’s Business and assets including intellectual property, business records, equipment, goodwill, licences, stock, third party rights and employees by Brenntag. “Based on the foregoing, it is the…

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