The Competition Tribunal has conditionally approved the proposed large merger wherein Afrimat intends to acquire the entire issued share capital of Lafarge South Africa Holdings. The tribunal’s decision follows a merger hearing held on April 5, during which it heard submissions from the Competition Commission and the merging parties. This was preceded by the Tribunal hearing three intervention applications by: (i) Lenvalco Readymix (Pty) Ltd (“Lenvalco”); (ii) Letsoela Investment Holding ...
