Merger Alert: Royale Energy (Pty) Ltd And Afric Oil (Pty) Ltd
Kennisgewing
Die volgende samesmeltingswaarskuwing is slegs vir inligtingsdoeleindes en is nie bindend vir die Mededingingstribunaal of enige lid van die Tribunaal nie
Lead Text
The Tribunal has unconditionally approved the large merger whereby Royale Energy (Pty) Ltd (“Royale Energy”) intends to acquire Afric Oil (Pty) Ltd (“Afric Oil”). Following the implementation of the proposed transaction, Afric Oil and its subsidiaries will ultimately be solely controlled by Royale Energy.
Tipe materie
Large merger
Partye betrokke
Royale Energy (Pty) Ltd And Afric Oil (Pty) Ltd
Tribunaalbeslissing
Approved without conditions
Uitgereik deur
Gillian de Gouveia, Communications Manager
On behalf of the Competition Tribunal of South Africa
E-pos:
GillianD@comptrib.co.za
Royale Energy (Pty) Ltd And Afric Oil (Pty) Ltd
The Tribunal has unconditionally approved the large merger whereby Royale Energy (Pty) Ltd (“Royale Energy”) intends to acquire Afric Oil (Pty) Ltd (“Afric Oil”). Following the implementation of the proposed transaction, Afric Oil and its subsidiaries will ultimately be solely controlled by Royale Energy.
Royale Energy, through its subsidiaries, is an independent non-refining wholesaler and marketer of petroleum products such as petrol, diesel, illuminating paraffin, liquefied petroleum gas and lubricants throughout South Africa.
Afric Oil is an independent wholesaler offering diesel, petrol and paraffin to diversified customers in Southern Africa. Afric Oil’s activities include the marketing, sale and distribution of refined fuels products.
