Migori gold miner gets nod for Sh743m Goldplat sale deal
Wednesday May 12 2021
By BRIAN NGUGI
Summary
The Competition Authority of Kenya (CAK) has cleared the takeover of Migori-based gold miner Goldplat by rival Mayflower Gold Investments.
The watchdog valued the assets of London-listed Kilimapesa Gold in Migori at Sh742,726,000.
The Competition Authority of Kenya (CAK) has cleared the takeover of Migori-based gold miner Goldplat by rival Mayflower Gold Investments.
The watchdog valued the assets of London-listed Kilimapesa Gold in Migori at Sh742,726,000.
“The Competition Authority excludes the proposed acquisition of entire issued share capital in Kilimapesa Gold Limited by Mayflower Capital Investments Limited from the provisions of Part IV of the Act because…the merger will not affect competition negatively,” said CA director general Wang’ombe Kariuki in a Kenya Gazette notice dated March 4 published on Friday.
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