The Competition Tribunal has unconditionally approved the merger in which RMB Property Holdco 3 (Pty) Ltd (“RMB 3”) will acquire sole control over Barron Trading (Pty) Ltd (“Barron Trading”).

RMB 3 is a wholly owned subsidiary of RMB Investments and Advisory (Pty) Ltd which is, in turn, a wholly owned subsidiary of FirstRand Investment Holdings (Pty) Ltd. It is managed by Rand Merchant Bank, the investment banking arm of FirstRand. RMB 3 is an investment holding firm established to hold shares and acquire investments in unlisted entities on behalf of the FirstRand Group.

Barron Trading is a corporate and promotional product supplier operating across Africa. It provides a range of clothing, gifting products and branding services. Its core offerings are marketed under the “BARRON” brand and include branded apparel, workwear, chef wear, sportswear, headwear, corporate gifting items, bags and display products such as banners and flags.