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Date of release: 12 March 2021
Kalander Kapitaal and Fynbos Kapitaal acquire control of
Limietberg Sekuriteit and NewCo

 
Type of matter Parties involved Commission's recommendation to the Tribunal Tribunal decision
Large merger Kalander Kapitaal (Pty) Ltd and Fynbos Kapitaal (Pty) Ltd And Limietberg Sekuriteit (Pty) Ltd and Newco Approve without conditions Approved without conditions
The Tribunal has approved the large merger whereby Kalander Kapitaal (Pty) Ltd (“Kalander”) and Fynbos Kapitaal (Pty) Ltd (“Fynbos”) will acquire control of Limietberg Sekuriteit (Pty) Ltd (“Sekuriteit”) and NewCo.
 
The transaction has been approved without conditions as it raises no public interest concerns and is unlikely to substantially lessen or prevent competition in any market in South Africa.
 
The transaction will be executed through a restructuring process wherein Fynbos will acquire ownership and control of Sekuriteit; and Kalander will acquire ownership and control of Newco.
 
The acquiring firms, Kalander and Fynbos, are wholly owned by Kalander Trust and Fynbos Trust, respectively. The primary target firms are Sekuriteit and a new company to be formed for the purposes of this transaction, Newco. The acquiring group and Sekuriteit are investment holding companies that have investment interests in various companies. Newco has no business activities.
 
Issued by:

Gillian de Gouveia, Communications Officer
On behalf of the Competition Tribunal of South Africa
Cell: +27 (0) 82 410 1195
E-Mail: GillianD@comptrib.co.za
Twitter: @comptrib
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ctsa@comptrib.co.za

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