Trade Retail Holdco and Agrifin Holdco, Newly Incorporated Private Companies Established by BKB Ltd (BKB) and VKB Landbou (Pty) Ltd (VKB)

Case number: LM140Oct20
Case parties: Primary Acquiring Firm: BKB Ltd and VKB Landbou (Pty) Ltd
Primary Target Firm: The Trade Retail, Fuel and Financial Service Business of BKB and VKB
Case type: Large Merger
Type of merger: Both
Case status: Reasons Issued
Outcome: Approved Subject to Conditions
Order date: 2021-05-21
Sector: Wholesale and retail trade - repair of motor vehicles and motorcycles
Industry: Retail of agricultural equipment and supplies
Relevant market: Market for farming requisite stores located in Newcastle and surrounding areas, including Cedarville, Ultrecht and Volksrust in Kwa-Zulu Natal and market for farming requisite stores located in the Frankfort/Heilbron, Harrismith, and Vrede, in Free State
Remedy: 12A(3)(e) remedy
Competition Tribunal Members: Andreas Wessels, Enver Daniels, Yasmin Carrim