Glacier Financial Solutions (Pty) Ltd And The ABSA Lisp Business

Case number: LM090Aug22
Case parties: Primary Acquiring Firm: Glacier Financial Solutions
Primary Target Firm: ABSA Lisp Business
Case type: Large Merger
Type of merger: Horizontal
Case status: Reasons Issued
Outcome: Approved Subject to Conditions
Order date: 2022-09-23
Sector: Financial and insurance activities
Industry: Financial service activities, except insurance and pension funding
Relevant market: The market for open end investment funds
Remedy: 12A(3)(b) employment
Competition Tribunal Members: Andiswa Ndoni, Yasmin Carrim, Imraan Valodia