Raphael mburu’s Post

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Manager @ Competition Authority of Kenya | Mergers & Acquisitions | Competition Law Expert | Government Relations | Public Administration | Regulatory Policy | Sustainability

✔️ Merger Regulation in Kenya ➡️ Global Merger ➡️ Local Nexus

The Competition Authority of Kenya has approved the proposed indirect control of Base Titanium Limited by EFR Australia PTY Limited unconditionally. EFR Australia PTY Limited (EFR PTY) is an undertaking incorporated in Victoria, Australia. It is a wholly-owned subsidiary of Energy Fuels Inc. (EFI) which is registered in Canada. EFI is a mining development and production company, which engages in the exploration, evaluation, development and mining/production of uranium, uranium/vanadium and rare earth element properties. It does not market any products or services in Kenya. Base Resources Limited is an undertaking registered in Australia. It is listed on the Australian Securities Exchange. Its subsidiary, Base Titanium Mauritius Limited, controls Base Titanium Limited which is registered in Kenya. Base Titanium Limited owns and operates a mineral mine in Kwale County, Kenya where it explores ilmenite, rutile and zircon mainly for export.

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3mo

Will the Australian firm control the local mineral sands operator, focusing on ilmenite, rutile, and zircon exports?

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