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Sanlam Life Insurance Ltd And The Group Risk Business of
Alexander Forbes Ltd
The Tribunal has unconditionally approved the large merger whereby Sanlam Life Insurance Limited (“Sanlam Life”) intends to acquire the group risk business of Alexander Forbes Life Limited (“AF Life”).
Sanlam is a financial services group. Its areas of expertise include life and general insurance, financial planning, retirement, investments and wealth. The Group Risk business of AF Life provides insurance products for employers to cover their employees in the event of specific risks occurring, including loss of life or illness, and thereby protect the financial well-being of the employees’ families.
Imperial Capital Ltd And Deep Catch Holdings Namibia (Pty) Ltd
The Tribunal has unconditionally approved the large merger whereby Imperial Logistics Limited (“Imperial”), through its wholly owned subsidiary, Imperial Capital Limited (“Imperial Capital”), intends to acquire Deep Catch Namibia Holdings (Pty) Ltd (“Deep Catch”).
The acquiring group is a logistics firm which manages the movement of goods on behalf of clients between specified locations. The target group specialises in the importation, exportation, wholesale and distribution of perishable products within the Southern African region.
Plumbago Logistics Platform (Pty) Ltd And DSV Real Estate Johannesburg (Pty) Ltd In Respect Of The Rental Enterprise Known As DSV Park
The Tribunal has unconditionally approved the transaction involving Plumbago Logistics Platform (Pty) Ltd (“Plumbago”) and DSV Real Estate Johannesburg (Pty) Ltd (“DSV Real Estate”) in respect of the rental enterprise known as DSV Park.
Plumbago has no activities and has been created for the purpose of acquiring DSV Park. However, its controllers are active in the property market in Gauteng. DSV Park is a light industrial property located in Gauteng.
Hatfield Holdings (Pty) Ltd And The business of Summit Auto Trading South Africa (Pty) Ltd; Summit Auto Investments (Pty) Ltd and
Triumph South Africa (Pty) Ltd
The Tribunal has approved, with conditions, the large merger whereby the business of Summit Auto Trading South Africa (Pty) Ltd (“SATSA”); Summit Auto Investments (Pty) Ltd (“SAI”); and Triumph South Africa (Pty) Ltd (“Triumph”) will be acquired by Hatfield Holdings (Pty) Ltd (“Hatfield”).
Hatfield operates VW, MAN and Audi branded dealerships. The target business comprises motor vehicle dealerships, repair centres and service centres operated by SATSA under the “Fury” name. SAI acts as an intermediary in the provision of finance and insurance support services to customers of the target business. Triumph is engaged in the wholesale distribution and retail of new Triumph branded motorcycles.
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