Old Mutual Funeral Services (Pty) Ltd And Two Mountains Underwriters (Pty) Ltd, Two Mountains Burial Services (Pty) Ltd and Two Mountains Financial Services (Pty) Ltd

Case number: LM010Apr23
Case parties: Primary Acquiring Firm: Old Mutual Funeral Services
Primary Target Firm: Two Mountains Underwriters
Case type: Large Merger
Type of merger: Horizontal
Case status: Reasons Issued
Outcome: Approved Subject to Conditions
Order date: 2023-07-03
Sector: Financial and insurance activities
Industry: Insurance, reinsurance and pension funding, except compulsory social security
Relevant market: Provision of funeral and burial cover to individuals
Remedy: 12A(3)(e) remedy
Competition Tribunal Members: Andreas Wessels, Jerome Wilson, Thando Vilakazi