A merger refers to acquisition of shares, part of business or an asset of a business in Kenya in any manner and includes a takeover or other assets whether inside or outside Kenya resulting in change of control of a business.
We offer guidance in securing or lease of shares. Acquisition of assets of an entity, controlling interest in a part of a business that is operated independently, a business under receivership in or outside of Kenya, any foreign entity having controlling interest in a subsidiary in Kenya.
Some of the governing laws on mergers and acquisitions in Kenya include:
We have diverse expertise on procedural and legal systems. Our advocates have a noble track record of dealing and realising results in mergers and acquisitions under regulatory proceedings before the relevant authorities.
Takeover directive
The Companies Act No24 of 2015, outlines that Authorities addressing issues relating to Takeover. Example; the Capital Markets Authority was formed pursuant to the Capital Markets Act.
Involved Authorities will have the power to regulate, mergers, takeover bids, any operation that might directly or indirectly affect ownership of companies.
It is vital to know the difference on how Mergers & Acquisitions as per Capital Markets Authority, Competition Authority and other Regulators.