Merger Alert: Outcome of mergers decided by the Tribunal - 27 January 2022
| Type of matter | Parties involved | Tribunal Decision |
| Large merger | Raubex (Pty) Ltd And Bauba Resources Ltd | Approved without conditions |
| Large merger | Daimler Truck Holdings AG And Daimler AG obo the target business | Approved without conditions |
Raubex (Pty) Ltd And Bauba Resources Ltd
The Tribunal has unconditionally approved the merger wherein Raubex Group Limited (“Raubex Group”), through its subsidiary Raubex (Pty) Ltd (“Raubex”) intends to acquire issued share capital in Bauba Resources Limited (“Bauba”). Post-merger, Raubex will attain sole control over Bauba.
The Raubex Group of companies is one of South Africa’s leading infrastructure development and construction materials supply groups. Bauba is a mining and exploration company with a primary focus on mining chrome ore and the exploration of platinum group metals (“PGM”).
Daimler Truck Holdings AG And Daimler AG obo the target business
The Tribunal has unconditionally approved the merger whereby Daimler Trucks Holding AG (“DT Holding AG”), through its subsidiary, Daimler Trucks & Buses Southern Africa (Pty) Ltd (“Daimler Trucks & Buses”), intends to acquire several entities and related assets in respect of the truck and buses business (“Transfer Business”) currently controlled by Daimler AG (“Daimler AG”) across the globe.
In South Africa, the relevant entity forming the Transfer Business is the truck and bus business of Sandown Motor Holdings (Pty) Ltd (“Sandown Motors”). Post-merger, Sandown Motors will be a wholly owned subsidiary of Daimler Trucks & Buses, and by extension, DT Holding AG.
Issued by:
Gillian de Gouveia, Communications Officer
On behalf of the Competition Tribunal of South Africa
Cell: +27 (0) 82 410 1195
E-Mail: GillianD@comptrib.co.za
Twitter: @comptrib
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