Now watchdog approves takeover of Ukwala store

Curious members of the public on August 4, 2014 gather outside Tusky's supermarket on Tom Mboya Street, formerly Ukwala Supermarket, that was closed following a ruling by the Competition Authority of Kenya (CAK). FILE PHOTO | DIANA NGILA | NATION MEDIA GROUP |

What you need to know:

  • However, the watchdog declined to approve the take-over, saying that the companies were engaging in “horizontal restrictive trade practice.”
  • The two firms were fined Sh5.3 million earlier in the year for engaging in unfair trade practices

The competition watchdog has given retail chain Tuskys the go-ahead to acquire and operate the Jogoo Road branch of its rival, Ukwala Supermarkets.
Through a notice in Friday’s Kenya Gazette, the Competition Authority of Kenya said the two firms could go ahead with the transaction but it excluded Ukwala’s five branches that were part of the original takeover deal.

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