African Bank Ltd And Grindrod Financial Holdings

Case number: LM069Jul22
Case parties: Primary Acquiring Firm: African Bank Ltd
Primary Target Firm: Grindrod Financial Holdings
Case type: Large Merger
Type of merger: Horizontal
Case status: Reasons Issued
Outcome: Approved
Order date: 2022-09-21
Sector: Financial and insurance activities
Industry: Central Banking
Relevant market: broad market for the provision of banking services, in particular the narrower market for corporate banking in South Africa
Competition Tribunal Members: Andiswa Ndoni, Yasmin Carrim, Imraan Valodia