Merger Alert: Royale Energy (Pty) Ltd And Afric Oil (Pty) Ltd
Notice
The following Merger Alert is for information purposes only and is not binding on the Competition Tribunal or any member of the Tribunal
Lead Text
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.
Type of matter
Large merger
Parties involved
Royale Energy (Pty) Ltd And Afric Oil (Pty) Ltd
Tribunal Decision
Approved without conditions
Issued By
Gillian de Gouveia, Communications Manager
On behalf of the Competition Tribunal of South Africa
E-Mail:
GillianD@comptrib.co.za
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.
