Merger Alert: Open Learning Holdings (Pty) Ltd And Fundi Capital (Pty) Ltd
Qaphela
Lesi Isaziso Sokuhlanganisa esilandelayo senzelwe izinjongo zolwazi kuphela futhi asibophezeli ku-Competition Tribunal nanoma yiliphi ilungu le-Tribunal.
Lead Text
The Competition Tribunal has unconditionally approved the proposed merger in which Open Learning Holdings (Pty) Ltd (“OLH”) will acquire shares in Fundi Capital (Pty) Ltd (“Fundi Capital”). Following the merger, OLH will control Fundi Capital.
Uhlobo lwendaba
Large merger
Amaqembu ahilelekile
Open Learning Holdings (Pty) Ltd And Fundi Capital (Pty) Ltd
Isinqumo Senkantolo
Approved without conditions
Kukhishwe ngu
Gillian de Gouveia, Communications Manager
On behalf of the Competition Tribunal of South Africa
Umakhalekhukhwini:
27824101195
I-imeyili:
GillianD@comptrib.co.za
The Competition Tribunal has unconditionally approved the proposed merger in which Open Learning Holdings (Pty) Ltd (“OLH”) will acquire shares in Fundi Capital (Pty) Ltd (“Fundi Capital”). Following the merger, OLH will control Fundi Capital.
OLH is a holding company that does not provide any products or services and is currently not controlled by any firms. As part of implementing the transaction, OLH will ultimately be controlled by RandQ (RF) (Pty) Ltd and FirstRand Limited.
Fundi Capital is not controlled by any single shareholder. It provides education finance and bursary fund management solutions. Its business comprises: (i) the provision of educational finance (student loans); and (ii) the management and administration of disbursement of bursary funds.
