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CFTC awaits filing on Mount Meru-Vivo Energy takeover
['George Lumwira', 'Awistackyo Kabwinja', 'Wasili Gomani', 'William Nthala', 'Isaac Chikuniwenda Mtonga']
Nation Online
The Competition and Fair Trading Commission (CFTC) says it is yet to receive an application for Mount Meru Group’s acquisition of Vivo Energy to provide relevant regulatory approvals.
CFTC spokesperson Innocent Helema said this in an interview after the two companies announced a sale and purchase agreement for Mount Meru’s acquisition of Vivo Energy’s shareholding in Vivo Energy Rwanda and Vivo Energy Malawi, which trades as Engen.
Mount Meru set to take over Vivo Energy-run Engen.
Both Mount Meru country manager for Malawi Ketan Kotecha and Malawi Energy Regulatory Authority spokesperson Fitina Khonje were yet to respond to our questionnaire by press time.
Vivo Energy operates in Malawi under the Engen brand, with a chain of at least 50 service stations.