Mauritius-based Phoenix Beverages Ltd. (PBL) has received approval from the Competition Authority of Kenya (CAK) to acquire a 28.15% stake in African Originals. According to CAK, the acquisition is unlikely to affect competition significantly. “This approval has been granted on the finding that the transaction is unlikely to negatively impact competition in the market for … Continue reading Phoenix Beverages Acquires 28.15% Stake in African Originals