Sanlam Investment Holdings (Pty) Ltd (and its Subsidiaries) And The Asset Management Business of ABSA Group Ltd

Case number: LM190Mar22
Case parties: Primary Acquiring Firm: Sanlam Investment Holdings
Primary Target Firm: ABSA Group Ltd
Case type: Large Merger
Type of merger: Conglomarate
Case status: Reasons Issued
Outcome: Approved Subject to Conditions
Order date: 2022-07-21
Sector: Financial and insurance activities
Industry: Financial
Relevant market: asset management
Sections of the act: 13A(3)
Remedy: 12A(3)(b) employment
Competition Tribunal Members: Andiswa Ndoni, Fiona Tregenna, Imraan Valodia