The Tribunal has approved the proposed large merger whereby Senwesbel Limited (“Senwesbel”) and its subsidiary Senwes Limited (“Senwes”) seek to acquire KLK Landbou Limited (“KLK”).
The transaction has been approved with a condition relating to the control of the target firm.
Senwesbel is an investment holding firm. Senwes controls numerous companies in South Africa. Its products and services include financing, agricultural services, grain handling and marketing, grain trading, grain transport, retail outlets and wholesale distribution, among others.
KLK operates in trade and building stores, petroleum and retail fuel stations, meat trade and abattoirs, motor vehicles, live stock and auctioneering and financial services, among others.