The Tribunal has unconditionally approved the merger whereby a consortium of investment companies will acquire joint control over ASOC I Bidco Three (Pty) Ltd, a holding company for its ultimate controller’s shareholding in SkyNet South Africa (Pty) Ltd, a provider of express parcel and courier services in South Africa.
 
The consortium of investment companies is made up of: Bopa Moruo Fund II (Pty) Ltd; RMB Ventures Four (Pty) Ltd; and New GX Ventures SA (Pty) Ltd.
 

 
The Tribunal has conditionally approved the proposed merger wherein Dis-Chem Pharmacies Limited (“Dis-Chem”) will acquire a certain percentage of shares in Kaelo Holdings (Pty) Ltd (“Kaelo Holdings”).
 
Dis-Chem is a national chain of pharmacy stores located across South Africa. Through its various subsidiaries, Dis-Chem is active along the pharmaceutical supply chain ranging from wholesale distribution (including logistics) to the operation of retail pharmacies.
 
Kaelo Holdings developed a series of affordable healthcare solutions for people not covered by a medical scheme. Key products include gap cover insurance (for medical scheme members); primary healthcare insurance (for uninsured South Africans); occupational health clinics and on-site primary care clinics (for large organisations); and psychological wellbeing services (for all South Africans).
 
A more detailed press release will be issued in due course.