TH-TMO 2014 Problem 5

Determine the maximal value of $k$ such that the inequality $$\left(k +\frac{a}{b}\right) \left(k + \frac{b}{c}\right)\left(k + \frac{c}{a}\right) \le \left( \frac{a}{b}+ \frac{b}{c}+ \frac{c}{a}\right) \left( \frac{b}{a}+ \frac{c}{b}+ \frac{a}{c}\right)$$ holds for all positive reals $a, b, c$ .