Merger Alert: Commercial Cold Holdings (Pty) Ltd and Sequence Logistics Holdings (Pty) Ltd
Qaphela
Lesi Isaziso Sokuhlanganisa esilandelayo senzelwe izinjongo zolwazi kuphela futhi asibophezeli ku-Competition Tribunal nanoma yiliphi ilungu le-Tribunal.
Lead Text
The Tribunal has, subject to an employment related condition, approved the proposed large merger wherein Commercial Cold Holdings (Pty) Ltd (“CCH”) intends to acquire Sequence Logistics Holdings (Pty) Ltd (“Sequence Logistics Holdings”).
Uhlobo lwendaba
Large merger
Amaqembu ahilelekile
Commercial Cold Holdings (Pty) Ltd and Sequence Logistics Holdings (Pty) Ltd
Isinqumo Senkantolo
Approved with conditions
Kukhishwe ngu
Gillian de Gouveia, Communications Manager
On behalf of the Competition Tribunal of South Africa
The Tribunal has, subject to an employment related condition, approved the proposed large merger wherein Commercial Cold Holdings (Pty) Ltd (“CCH”) intends to acquire Sequence Logistics Holdings (Pty) Ltd (“Sequence Logistics Holdings”).
CCH is a newly incorporated company and does not currently undertake any business activities. The acquiring group, through its subsidiary “TLG Group”, is involved in the provision of third-party cold storage services. The Sequence Group provides third party cold storage services which entails bulk frozen and chilled warehouses.
