Tribunal approves merger in the market for new and used passenger vehicles and ancillary functions associated with motor dealerships

Tribunal approves merger in the market for new and used passenger vehicles and ancillary functions associated with motor dealerships.

The Tribunal has approved a merger, without conditions, whereby Kempster Sedgwick (Pty) Ltd seeks to acquire the Honda, Citroen and Peugeot motor dealership operated by Mekor Umhlanga (Mekor Umhlanga Dealership).

Kempster Sedgwick is involved in the retail sale of motor vehicles and the provision of financial and insurance support vehicles related to the purchase of motor vehicles.

Mekor Umhlanga Dealership sells new Honda and Peugeot motor vehicles, new Honda motorcycles, used motor vehicles and motorcycles and Honda, Citroen and Peugeot branded parts and accessories. It also acts as an intermediary in the provision of finance and insurance services and repairs on Honda, Citroen and Peugeot branded vehicles in the eThekwini area.

In its assessment of the merger, the Commission found that the proposed transaction does not present any competition or public interest concerns.

Issued by:

Gillian de Gouveia

Communications Officer

Tel: +27 (0) 12 394 1383

Cell: +27 (0) 82 410 1195

E-Mail: GillianD@comptrib.co.za

Twitter: @comptrib