K2020791073 (South Africa) (Pty) Ltd ( New Holdco) And Adcorp Support Services (Pty) Ltd

Case number: LM175Dec20
Case parties: Primary Acquiring Firm: K2020791073 (Pty) Ltd
Primary Target Firm: Adcorp Support Services (Pty) Ltd
Case type: Large Merger
Type of merger: Vertical
Case status: Reasons Issued
Outcome: Approved
Order date: 2021-02-24
Sector: Financial and insurance activities
Industry: Insurance, reinsurance and pension funding and activities auxiliary thereto
Relevant market: Long-term insurance related services and brokerage services
Sections of the act: 13A(3)
Competition Tribunal Members: Yasmin Carrim, Fiona Tregenna, Imraan Valodia