Mercantile Bank, A division of Capitec Bank Ltd And A Loan Book of A Maximum of 400 Loans Owned by Grobank Ltd

Case number: LM170Dec20
Case parties: Primary Acquiring Firm: Mercantile Bank
Primary Target Firm: Grobank Ltd
Case type: Large Merger
Type of merger: Horizontal
Case status: Reasons Issued
Outcome: Approved
Order date: 2021-02-24
Sector: Financial and insurance activities
Industry: Other monetary intermediation
Relevant market: Market for the provision of commercial property loans, instalment sales agreement, and residential loans
Competition Tribunal Members: Yasmin Carrim, Fiona Tregenna, Imraan Valodia