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Date of release: 30 January 2019
OUTCOME OF CASES HEARD BY THE TRIBUNAL ON 30 JANUARY 2019
Type of matter Parties involved Competition Commissions Recommendation to Tribunal Tribunal Decision
Large merger CTP Limited and Cognition Limited Approve without conditions Approved without conditions
Large merger Thebe SPV 022 (Pty) Ltd and Pride Milling Company (Pty) Ltd Approve without conditions Approved without conditions
Large merger Liberty Group Ltd and 2 Degree Ltd and Khora Investment (Pty) Ltd in Respect of Botshabelo Mall Properties and The Letting Business Conducted Approve without conditions Approved without conditions
Large merger INVICTA Global Holdings PLC and INVICTA Holdings Ltd Approve without conditions Approved without conditions
Large merger Nkholi Consolidated Investments (Pty) Ltd, Kuchuma Capital (Pty) Ltd and Zolospan (Pty) Ltd And Legae Peresec Holdings (Pty) Ltd, Peregrine Securities (Pty) Ltd, Peregrine Fund Platform (Pty) Ltd and Mainstreet 749 (Pty) Ltd Approve without conditions Approved without conditions

CTP acquires Cognition
 
In this proposed transaction, CTP Ltd (CTP) seeks to acquire Cognition Ltd (Cognition). CTP is a printing, publishing and packaging company, while Cognition operates in the ICT sector. Post-merger, CTP will control Cognition.
 
The Competition Commission, which assesses large mergers before referring them to the Tribunal for a decision, evaluated the proposed merger and recommended that the merger should be approved without conditions
 
The Tribunal has approved the merger without conditions.

Thebe Investment Corporation acquires maize manufacturer
 
Thebe Investment Corporation (Pty) Ltd is an investment holding company that has investments mainly in tourism, mining resources, infrastructure, renewable energy, petrochemicals, telecommunications, financial services and healthcare. It seeks to acquire Pride Milling Company (Pty) Ltd, a company involved in making and distributing milled maize products in South Africa.
 
The Tribunal has approved the merger without conditions.
 

Liberty acquires Free State mall
 
This is a property merger with no competition or public interest concerns. Investment firm, Liberty, seeks to purchase the Botshabelo Mall in the Free state. Khora, the seller, is selling the Mall in terms of a high court liquidation settlement.
 
In assessing the proposed transaction, the Commission recommended that it be approved without conditions.
 
The Tribunal has approved the merger without conditions.
 

Merger to pave way for global growth
 
In this transaction, newly established UK entity, Invicta Global plc, seeks to acquire Invicta Holdings Ltd, which is publicly listed on the JSE.
 
Invicta Holdings is an investment holding and management company which has interests in various companies in South Africa. The Tribunal has approved the merger without conditions.
 

Merger approved in the market for the provision of
financial trading services
 
In this transaction, Nkholi Consolidated Investments (Pty) Ltd, Kuchuma Capital (Pty) Ltd and Zolospan (Pty) Ltd seek to acquire Legae Peresec Holdings (Pty) Ltd, Peregrine Securities (Pty) Ltd, Peregrine Fund Platform (Pty) Ltd and Mainstreet 749 (Pty) Ltd. 
 
The Commission recommended that the proposed merger be approved without conditions. The Tribunal has approved the merger without conditions.
 
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
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Our mailing address is:
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