Lato mother company gets approval to acquire Kenyan milk firm
Uganda, March 27 -- Uganda's milk processing company, Maziwa, which owns the Lato brand, has received approval from the Comesa Competition Commission to merge its assets with a Kenyan milk processing firm.
In a notice dated March 11, Comesa said it had approved Maziwa, the non-operating holding company incorporated in Mauritius, to purchase a 100 percent interest in Highland Creamers & Food Limited, a Kenyan dairy company that owns the Family Milk, noting that the merger would not raise any competition issues in the common market.
"The [Committee Responsible for Initial Determinations] determined that the merger is not likely to substantially prevent or lessen competition in the Common Market or a substantial part of it, nor will it be ...
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