CAK approves Celebi Cargo takeover of Transglobal Cargo

The Competition Authority of Kenya (CAK) has approved the acquisition of the entire issued share capital of Transglobal Cargo Centre Limited by Celebi Cargo GMBH. Celebi Cargo GMBH operates as an air cargo handling company at Frankfurt Airport, handling about 200,000 tonnes of cargo annually. Transglobal Cargo Centre Limited operates in Kenya under the name Africa Flight Services and provides ground handling services at Jomo Kenyatta International Airport, including cargo handling, warehousing and ramp services. The transaction involves the acquisition of 100 per cent of Transglobal Cargo by Celebi Cargo. It noted that Celebi Cargo is active in air cargo handling, while Transglobal provides ground handling services.