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The Competition Act - Exclusion

Legal Notice 58 of 2015

This is the latest version of this Legal Notice.
The Competition Act - Exclusion
Citation
Legal Notice 58 of 2015
Primary work
Competition Act
Date
31 December 2022
Language
English
Type
Legal Notice
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LAWS OF KENYA

COMPETITION ACT

THE COMPETITION ACT - EXCLUSION

LEGAL NOTICE 58 OF 2015

  • Published in Kenya Gazette Vol. CXVII—No. 41 on 24 April 2015
  • Commenced on 10 April 2015
  1. [Revised by 24th Annual Supplement (Legal Notice 221 of 2023) on 31 December 2022]
IN EXERCISE of the powers conferred by section 42 (1) of the Competition Act, 2010, the Competition Authority of Kenya excludes the proposed acquisition of 100% of the issued share capital of ArystaLifescience Limited by Platform Specialty Products Corporation Limited from the provisions of Part IV of the Act on the following grounds—
(a)the merger will not affect competition negatively;
(b)the turnover of Platform Specialty Products Corporation Limited was KSh. 330,596 for the proceeding year, 2013, and that of Arysta Lifescience Limited was KSh. 345,614,800 and therefore the combined turnover of KSh. 676,210,800 does not meet the required merger threshold for mandatory notification as contained in the Merger Threshold Guidelines.
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History of this document

31 December 2022 this version
24 April 2015
10 April 2015
Commenced