Gazette Notice No. 5180 of 2025

What the notice says

1. Transfer of business

   Link

   Company

   Metropol Corporation Limited (Transferor identified in the body of the notice), GENI 2 (Kenya) Limited (Transferee)

   Licensing authority

   Capital Markets Authority (Licenses the Transferor to carry on the business of a credit rating agency)

   Contact office

   Company Secretary (Creditors concerned about the intended transfer may contact this office)

   Signatory

   Metropol Credit Reference Bureau Limited (Transferor printed in the signature block), GENI 2 (Kenya) Limited (Transferee)

   Transaction advisor

   PACIFIS ADVISORY LIMITED (Transaction Advisor for the Transferor)

   Advocate

   ANJARWALLA & KHANNA LLP (Advocates and Transaction Legal Advisor for the Transferee)

   Business description

   collection, analytics, credit rating and other related activities

   Transfer assets

   The necessary assets related to the Transfer Business

   Agreement date

   23 December 2024

   Conditions

   The transfer is subject to fulfilment of certain conditions outlined in the asset purchase agreement entered into by the Transferor and Transferee.

   Excluded assets and liabilities

   Certain assets and liabilities will be excluded from transfer as agreed by the parties and set out in the Agreement.

   Business continuity

   If the Agreement is completed in accordance with its terms, the Transferee intends to continue carrying on the credit rating agency business and related activities.

   Noncompletion

   If the Agreement is not completed, this notice shall be void ab initio and shall be of no effect.

   Assumption of liabilities

   The Transferee will only assume specific liabilities related to the Transfer Business and Transfer Assets from the date of the transfer.

   Creditor contact period

   within two months of the publication of this notice

   Creditor representations

   Any creditor (including an employee, director, shareholder or supplier) who think they would be adversely affected by the intended transfer of assets and business is invited to contact the Company Secretary at the MCL’s offices at KCB Towers stating the grounds and or basis of their concern.

Everyone named

Corrections 1

Corrected by

Corrigendum, Vol. CXXVII No. 119, page 3030

Refers to

No other notices.

Cite

Permalink funua.com/notices/2025/5180/.

About this data

Source

Official PDF of Vol. CXXVII No. 80, from Kenya Law

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