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CT: Tribunal approves Senwesbel, KLK merger with conditions

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CT: Tribunal approves Senwesbel, KLK merger with conditions

CT: Tribunal approves Senwesbel, KLK merger with conditions
Photo by Supplied by Competition Tribunal

30th April 2019

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/ MEDIA STATEMENT / The content on this page is not written by Polity.org.za, but is supplied by third parties. This content does not constitute news reporting by Polity.org.za.

The Tribunal has approved the proposed large merger whereby Senwesbel Limited (“Senwesbel”) and its subsidiary Senwes Limited (“Senwes”) seek to acquire KLK Landbou Limited (“KLK”).
 
The transaction has been approved with a condition relating to the control of the target firm.
 
Senwesbel is an investment holding firm. Senwes controls numerous companies in South Africa. Its products and services include financing, agricultural services, grain handling and marketing, grain trading, grain transport, retail outlets and wholesale distribution, among others.
 
KLK operates in trade and building stores, petroleum and retail fuel stations, meat trade and abattoirs, motor vehicles, live stock and auctioneering and financial services, among others.
 

 

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