The Competition Commission has recommended that the Competition Tribunal approve the proposed acquisition by Murray & Roberts (M&R) of a further 40% shareholding in Bombela Civils Joint Venture (BCVJ).
M&R’s current business operations are focused on natural resources market sectors, specifically within metals and minerals, oil and gas and power and water.
BCJV is a special-purpose vehicle established to design and build the civil works for the Gautrain rapid rail link, which
were completed in December 2016. BCJV’s only remaining activities relate to its obligation to repair any latent defects within the civil works of the Gautrain.
After the merger, M&R will manage the apportionment of the available funds.
The commission believes the proposed transaction is unlikely to substantially prevent or lessen competition in any market in South Africa.
In addition, the proposed transaction does not raise any public interest concerns.