In Summary
  • CAK could order the eventual buyer of troubled ARM Cement Kenya operations to retain its employees.
  • The watchdog said it would prioritise the interests of the workers.

The competition watchdog could order the eventual buyer of troubled ARM Cement Kenya operations to retain its employees as a pre-condition for the takeover approval, Business Daily has learned.

The Competition Authority of Kenya (CAK) said on Friday it was examining an application by National Cement owned by billionaire Narendra Raval to take over the Kenyan operations of ARM Cement.

The sale of the Kenyan operations of ARM Cement to rival firm National Cement is embroiled in a court dispute.

The former chief executive of troubled ARM Cement Pradeep Paunrana is seeking to stop the sale.

The court is expected to give further directions on the matter.

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