The Competition Authority of Kenya has approved the proposed acquisition of 100% shareholding in Rafiki Millers Limited by Kitui Flour Mills Limited, unconditionally.
In a statement on Thursday January 25, CA said, nor elicit negative public interest concerns – the two key considerations during merger analysis.
The company commands 13% of the wheat milling market and is the third largest firm behind Mombasa Maize Millers (22%) and Grain Industries Limited (15%).
“Kitui Flour Mills Limited, the acquirer, is a limited liability company incorporated in Kenya. Its main activities are maize and wheat milling producing brands such as Premium Maize Flour, Dola Wheat Flour, Dola Chapati Flour, Atta Flour, Baba Lao Maize Flour, Baba Lao Wheat Flour, Jahazi Maize Flour, and Jahazi Wheat Flour,” the regulator said.
