Competition Authority of Kenya acknowledges Zou Fengqi’s acquisition of 60% stake in Raysut Cement’s East African business

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Kenya: The Competition Authority of Kenya has granted China-based Zou Fengqi and Oman-based Raysut Cement exemption from regulatory approval on a recent application in line with competition guidelines. The Business Daily newspaper has reported that the application stated that Zou Fengqi plans to acquire a 60% stake in Raysut Cement’s business in East Africa.

Raysut Cement operates grinding plants in Mogadishu, Somalia and Somaliland.

Last modified on 12 May 2021

URL: https://www.globalcement.com/news/item/12393-competition-authority-of-kenya-acknowledges-zou-fengqi-s-acquisition-of-60-stake-in-raysut-cement-s-east-african-business

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