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The Competition Authority of Kenya (CAK) has granted Africa Travel Investments an unconditional approval for its proposal to acquire 100pc stake in Pollman’s Tours and Safari Limited for undisclosed amount.
The acquisition which will lead to a merger is expected to give the European firm commercial access to the local tour market which has at least 322 players according to the competition watchdog.
Pollman’s Tours and Safaris Limited is among the oldest tour operators in Kenya having been established in 1950 and specializes in providing guided safaris and sells travel packages to travel agents and tour operators globally.
In a statement, CAK says the new entity as a result of the merger between the two firms will not affect the market share as well as the structure and concentration of the markets for tour operators in Kenya.
“Therefore, the structure and concentration of the market for tour operators will not be affected, and as such the transaction does not raise competition concerns,” said CAK.
The authority further reiterates that the proposed transaction will not lead to substantial lessening or prevention of competition in the markets for tour operators in Kenya.
“As per the parties’ submissions, this transaction is not expected to raise public interest concerns. Specifically, with regards to employment, the parties have submitted that the proposed transaction is not anticipated to lead to the loss of any jobs,” added CAK.
