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Seriti New Largo (Pty) Ltd And New Largo Coal (Pty) Ltd
The Tribunal has unconditionally approved the merger whereby Seriti Resources Holdings (Pty) Ltd (“Seriti Resources”), through Seriti New Largo (Pty) Ltd (“Seriti New Largo”), intends to acquire shares currently held by the Industrial Development Corporation of South Africa (Ltd) (“IDC”), to increase its shareholding in New Largo Coal (Pty) Ltd (“New Largo Coal”).
Seriti New Largo is a wholly owned subsidiary of Seriti Resources, which is a broad-based black owned and controlled South African mining company. The acquiring group is active in thermal coal mining. New Largo Coal is jointly controlled by the acquiring group and the IDC.
Hapag-Lloyd Aktiengesellschaft And
DAL Deutsche Africa-Linien GmbH & Co. KG
The Tribunal has conditionally approved the merger between Hapag-Lloyd Aktiengesellschaft (“’HL AG”) and DAL Deutsche Africa-Linien GmbH & Co. KG (“DAL”). The transaction has been approved subject to employment-related conditions.
HL AG is a stock corporation incorporated in accordance with the laws of Germany. It is active in the international shipping business and provides international container liner shipping services, offering global door-to-door and port-to-port containerised cargo services under the Hapag-Lloyd brand.
DAL is also incorporated in terms of the laws of Germany. The DAL liner and agency business provides liner shipping services for the transportation of containerised cargo between Europe, Africa and the Indian Ocean.
A full press release will be issued in due course.
Main Street 1878 (Pty) Ltd And Grindrod Intermodal Business, Ocean African Container Lines and Maersk Inland Business
The Tribunal has approved, subject to information exchange conditions, the large merger whereby Safmarine (Pty) Ltd (“Safmarine”) and Grindrod Holdings South Africa (Pty) Ltd (“Grindrod Holdings South Africa”) will establish a joint venture, Main Street 1878 (Pty) Ltd (“Main Street 1878”). Main Street 1878 will then acquire:
- Maersk Inland Business (“Maersk Inland”) from APM Terminals South Africa (Pty) Ltd (“APM Terminals South Africa”), a subsidiary of Safmarine;
- Grindrod Intermodal from Grindrod South Africa (Pty) Ltd (Grindrod South Africa”), a subsidiary of Grindrod Holdings South Africa; and
- Ocean Africa Container Lines business (“Ocean Africa Container Lines”) in respect of the parts of its business which provides container feeder shipping and port terminal services from Grindrod South Africa, a subsidiary of Grindrod Holdings South Africa.
Safmarine is controlled by A. P. Moller Holding A/S ("A.P. Moller Holding"), through A.P. Moller-Maersk A/S ("A.P. Moller-Maersk"). A.P. Moller-Maersk is a public company incorporated in Denmark. A.P. Moller Holding Group is a transport and logistics company with worldwide activities headquartered in Copenhagen.
Grindrod Holdings South Africa is controlled by Grindrod Limited ("Grindrod"), a transport and logistics company.
A full press release will be issued in due course.
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