Tribunal approves merger, with public interest conditions, in the market for the production, sale and transportation of coal
 

The Tribunal has approved, with conditions, the transaction whereby Namane Logistics (Pty) Ltd seeks to acquire further issued share capital of Crossroads Distribution (Pty) Ltd, which will give it sole control over the company.
 
The acquiring group, among other things, owns four colliery fields while Crossroads Distribution provides transport services and focuses on transporting fuel, gas, chemicals and general freight. It also exclusively transports coal on behalf of the acquiring group.
 
The Commission, in its assessment of the merger, found that 100 employees had been retrenched at Crossroads Distribution (pre-merger) after the company lost contracts with three of its biggest clients and experienced business decline. The company had also indicated there could be further potential retrenchments. The Commission was satisfied that the retrenchments were not merger specific.
 
The Tribunal has approved the merger on condition that there are no merger related retrenchments at Crossroads Distribution for three years. There are also conditions seeking to ensure close monitoring of a previously implemented retrenchment process which the company says is unrelated to the merger.

 
Tribunal approves merger in pesticides, agrochemicals
manufacturing market
 

The Tribunal has approved a merger between a company involved in producing, processing and distributing agricultural seeds and another that is active in formulating and supplying agrochemicals, herbicides, insecticides and fertilisers, among others.
 
The purchase of GAP Chemicals (Pty) Ltd by ZAAD Holdings Limited (ZAAD) has been approved without conditions.
 
Zaad is a holding company that is not active in any markets. It forms part of a larger group of companies controlled by JSE listed Zeder Investment Limited whose business is focused on the local agricultural sector.