By GERALD ANDAEMore by this AuthorComesa Competition Commission (CCC) is looking into Isuzu’s acquisition of General Motors East Africa (GMEA) with a view to finding out whether it will interfere with competition in the region. CCC wants interested stakeholders — including competitors, suppliers and customers of the merging parties — to submit written representations with regard to the acquisition. CCC oversees all mergers and acquisitions as well as checks on anti-competitive practices within the 19 Comesa member states in Africa. Last year, Eveready #ticker:EVRD sought the approval of CCC for importation and distribution of a range of products on behalf of international companies. GMEA’s manufacturing plant in Nairobi assembles a wide range of Isuzu motor vehicles and also retails fully built Chevrolet vehicles which are sold in Kenya, Uganda, and Rwanda.

Source: Daily Nation May 09, 2017 17:48 UTC