Adcock Ingram acquires leather care, home cleaning products company
The Tribunal has unconditionally approved the merger whereby Adcock Ingram Healthcare (Pty) Ltd (Adcock Ingram) will acquire Plush Professional Leather Care (Pty) Ltd (Plush).
Adcock Ingram is a subsidiary of Adcock Ingram Holdings Limited. The acquiring group is a pharmaceuticals firm that manufactures, markets and distributes healthcare products. Of relevance to the transaction, is the acquiring group’s activity in the manufacture and supply of medical grade sanitisers and surface cleaners.
Plush is a private company involved in manufacturing and distributing leather care and home cleaning products. Of relevance to the transaction is Plush’s activity in the manufacture and supply of “Plush Supreme” branded sanitisers and surface cleaners for household surfaces.
The transaction does not present any competition or public interest concerns.
Tribunal approves transaction whereby Mitsubishi Heavy Industries will acquire Hitachi stake in Mitsubishi Hitachi Power Systems
The Tribunal has approved the transaction whereby Mitsubishi Heavy Industries Ltd (MHI) will acquire Hitachi’s stake in Mitsubishi Hitachi Power Systems Ltd (MHPS) – without conditions. The transaction does not give rise to any competition or public interest concerns.
MHI is headquartered in Tokyo, Japan. Globally, MHI is a heavy machinery manufacturer of thermal and nuclear power plants, commercial aircraft and ships, and weapons systems.
MHPS, a Japanese firm, is controlled by MHI. Hitachi Ltd holds a minority interest in MHPS. In South Africa, MHPS controls Mitsubishi Power Systems Africa Ltd (MHPS Africa). MHPS is active globally in thermal power generation systems and environmental technology. It produces power plants and their components, boilers, turbines etc.
Locally, MHPS through MHPS Africa, produces commercial boilers. It currently has two projects with Eskom (the Medupi and Kusile power stations), operating utility steam generators. The MHPS joint venture started in 2014, when Hitachi transferred its domestic assets to MHPS.
Tribunal unconditionally approves acquisition involving renewable energy firms
In this transaction Mulilo Renewable Energy (Pty) Ltd (Mulilo) and Greenstreet 1 (Pty) Ltd (Stanlib Fund II SPV) will acquire Mulilo Prieska and Mulilo De Aar.
Mulilo is owned and controlled by Mulilo Energy Holdings (Pty) Ltd (Mulilo Energy Holdings). Mulilo controls Mulilo Renewable Energy Solar PV Prieska (RF) (Pty) Ltd (Mulilo Prieska) and Mulilo Renewable Energy Solar PV De Aar (Mulilo De Aar), which are involved in producing renewable energy (electricity) using Solar PV and wind technology for Eskom.
The Mulilo Group is an independent renewable energy developer and strategic equity investor. It focuses on wind and photo-voltaic technologies and develops, builds, owns and operates large scale renewable energy projects. The Mulilo Group forms part of SA’s Renewable Energy Independent Power Producer Procurement Programme. Its sole customer is Eskom.
Stanlib Fund II SPV is wholly owned and controlled by Standard Bank Group Ltd. It is a private equity investment fund established to acquire a portfolio of long-term infrastructure assets.