The Competition Tribunal (“the Tribunal”) has approved, with conditions, the large merger wherein Ardagh Group S.A. (“Ardagh”) intends to acquire Consol Holdings (Pty) Ltd (“Consol”).
 
The Tribunal has approved the proposed transaction subject to conditions relating to, among others, Broad-Based Black Economic Empowerment (“B-BBEE”) / worker ownership; employment; investment in capacity; glass recycling; the production of dining glassware; and the manufacture of food jars.
 
Ardagh is a private company registered in Luxembourg. Among others, it manufactures glass packaging such as beverage bottles and glass jars and metal packaging products.
 
Consol, a South African firm, is a manufacturer and supplier of glass packaging for the food and beverage industries as well as for the pharmaceuticals and cosmetics industries.
 
A full press release will be issued in due course.