EAC, Comesa competition watchdogs review Vivo Energy acquisition plan

Regional competition authorities from the East African Community (EAC) and the Comesa Competition and Consumer Commission are reviewing the proposed acquisition of Vivo Energy Rouge Holdings and its subsidiaries by Dubai-based Mount Meru Petroleum Group Ltd, which aims to expand its regional petroleum market presence. Both agencies have issued notices inviting stakeholders and the public to submit presentations on the deal. The transaction is under scrutiny due to its potential impact on regional competition.