Of Redhouse Group and Media Edge merger!!!

Posted on March 7, 2014

2



The planned acquisition of Media Edge Interactive Limited by the Redhouse Group Limited has been approved.

According to Director General Competition Authority, Wang’ombe Kariuki, the combined turnover of the acquiring and target undertaking for the preceding year was only Sh371, 309, 405 which is below the required merger threshold.

The exemption dated February 25, 2014 and published in the Kenya Gazette further noted that merger ‘will not affect competition ¬†negatively’

Image

Advertisements
Posted in: Uncategorized