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Kenya Gazette Highlights for 21 November 2008 |
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Monday, 24 November 2008 |
We go through the Kenya Gazette so you don’t have to. In the last issue: Brookside Dairy to acquire Spin Knit Dairy
The Minister of Finance has given the go ahead for Brookside Dairy Ltd to take over rival firm Spin Knit Dairy.
Under Kenyan law, a merger between two or more independent enterprise engaged in manufacturing or distributing substantially similar commodities or engaged in supplying substantially similar services; or a takeover of one or more such enterprises by another such enterprise, or by a person who controls another such enterprise, needs the approval of the Minister of Finance.
The two dairy firms are the second and third largest dairy processors. Brookside operates in Kenya, Uganda and Tanzania while Spin Knit also sells some of its produce in East Africa as well as in Rwanda and the Democratic Republic of Congo.
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