Ambo Mineral Water PLC and East African Bottling Company, 2 beverage producers in Ethiopia, have denied the allegations of unregistered merger. It was in June 2017 that a pleading was filed at the Ethiopian Trade Practices & Consumer Protection Authority’s tribunal against the 2 companies. The pleading against the 2 companies stipulates that Ambo and East African Bottling merged in January 2017 without notifying the Authority. In addition to this, East Africa Bottling raised preliminary objection stating that the Authority does not have any cause of action. The tribunal adjourned the hearing to August 23, 2017 to give a decision on the preliminary objection East African Bottling raised.

Source: Ethiopian News August 03, 2017 06:11 UTC