Merger Alert: Royale Energy (Pty) Ltd And Afric Oil (Pty) Ltd

 Royale Energy (Pty) Ltd And Afric Oil (Pty) Ltd

The Tribunal has unconditionally approved the large merger whereby Royale Energy (Pty) Ltd (“Royale Energy”) intends to acquire Afric Oil (Pty) Ltd (“Afric Oil”). Following the implementation of the proposed transaction, Afric Oil and its subsidiaries will ultimately be solely controlled by Royale Energy.

Royale Energy, through its subsidiaries, is an independent non-refining wholesaler and marketer of petroleum products such as petrol, diesel, illuminating paraffin, liquefied petroleum gas and lubricants throughout South Africa.

Afric Oil is an independent wholesaler offering diesel, petrol and paraffin to diversified customers in Southern Africa. Afric Oil’s activities include the marketing, sale and distribution of refined fuels products.

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