Photo by: Duane Daws
State-owned defence group Denel’s plan to acquire BAE Systems Land Systems South Africa has been given a shot in the arm, with the Competition Commission recommending that the Competition Tribunal approve the transaction without conditions.
In August, UK-based global defence group BAE Systems agreed to sell its South African armoured and mine-protected vehicle and related systems subsidiary to Denel for an undisclosed sum.
The Competition Commission on Thursday said the deal was unlikely to lead to a “substantial prevention or lessening of competition”, nor would it likely raise public interest concerns.