CompanyGazette notice
Gazette Notice No. 5181 of 2025
Metropol Credit Reference Bureau Limited announces a conditional transfer of its credit reference business and necessary assets to GENI 1 Kenya Limited.
Official PDF · 1.2 MB
Whole issue, from Kenya Law. This notice starts on printed page 1841.
AI-extractedAgreement between models, not verified accuracy.
What the notice says
-
Transfer of business
Link- Company
- Metropol Credit Reference Bureau Limited (Transferor), GENI 1 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)
- Licensing authority
- Central Bank of Kenya (Licenses the Transferor to carry on the business of a credit reference bureau)
- Contact office
- Company Secretary (Receives creditors’ concerns at the MCRB’s offices at KCB Towers)
- Place
- KCB Towers (Transferor’s registered address and contact offices), Hospital Road (Transferor’s registered address), City Square (Transferor’s postal address), Nairobi (Registered addresses of the Transferor and Transferee), ALN House (Transferee’s registered address), Eldama Ravine Close (Transferee’s registered address), Eldama Ravine Road (Transferee’s registered address), Westlands (Transferee’s registered address)
- Business description
- The business of credit referencing and other related activities
- Transfer assets
- The necessary assets currently operated by Metropol Credit Reference Bureau Limited
- Agreement date
- 23 December 2024
- Instrument
- asset purchase agreement
- Conditions
- The transfer is subject to fulfilment of certain conditions outlined in the Agreement. Certain assets and liabilities are excluded as agreed by the parties and set out in the Agreement.
- Continuity of business
- If the Agreement is completed in accordance with its terms, the Transferee intends to continue carrying on the credit reference bureau business and related activities.
- Notice validity
- 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 response period
- within two months of the publication of this notice
- Creditor response
- Any creditor (including an employee, director, shareholder or supplier) who think they would be adversely affected is invited to contact the Company Secretary stating the grounds and or basis of their concern.
Everyone named
| Signed by 4 | METROPOL CREDIT REFERENCE BUREAU LIMITED, Transferor · GENI 1 KENYA LIMITED, Transferee · PACIFIS ADVISORY LIMITED, Transaction Advisor for the Transferor · ANJARWALLA & KHANNA LLP, Advocates and Transaction Legal Advisor for the Transferee |
|---|---|
| Places 8 | KCB Towers · Hospital Road · City Square · Nairobi · ALN House · Eldama Ravine Close · Eldama Ravine Road · Westlands |
| Companies 2 | Metropol Credit Reference Bureau Limited · GENI 1 Kenya Limited |
| Transaction advisor | PACIFIS ADVISORY LIMITED |
| Advocate | Anjarwalla & Khanna LLP |
| Licensing authority | Central Bank of Kenya |
| Also named | Company Secretary |
| Law 2 | Transfer of Businesses Act · Banking Act |
Corrections 0
- Corrected by
- No corrigendum in the issues we hold.
- Refers to
- No other notices.
Cite
Kenya Gazette Notice No. 5181 of 2025, Vol. CXXVII No. 80, 25 April 2025, p. 1841.Permalink funua.com/notices/2025/5181/.
About this data
- Source
- Official PDF of Vol. CXXVII No. 80, from Kenya Law
- Extracted by
- AI models
- Model audit
- An independent model agreed with 98 to 99% of compared values for land and succession notices, 97% overall. Agreement between models, not verified accuracy.
- Review flag
- None on this notice
Filed under: Company, 2025 · April 2025 · Vol. CXXVII No. 80