https://www.engineeringnews.co.za
Africa|Aggregates|Concrete
Africa|Aggregates|Concrete
africa|aggregates|concrete

Commission recommends tribunal approve Afrimat's proposed buyout of Lafarge but with conditions

6th November 2023

By: Creamer Media Reporter

     

Font size: - +

The Competition Commission has recommended that the Competition Tribunal approve the proposed transaction whereby Afrimat intends to acquire Lafarge, with conditions.

The commission found that the merger results in horizontal overlaps as regards general aggregates and ready-mix concrete and that the merger is likely to result in a substantial lessening and prevention of competition as regards the supply of general aggregates in various regions of South Africa.

Similarly, the commission found that the merger will likely result in a substantial lessening and prevention of competition in the supply of ready-mix concrete.

To restore the lost competition that would otherwise arise from the merger and, in order to ensure that the merger is justifiable on public interest grounds, the commission has recommended that the tribunal approve the merger subject to the merging parties divesting of various general aggregates quarries and ready-mix concrete plants across South Africa.

The merging parties have agreed to these recommendations.

Further, to address public interest concerns, the commission has recommended that the merger be approved subject to a moratorium on merger-related retrenchments and other measures to protect employment. The parties have also agreed to these conditions.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

Showroom

Universal Storage Systems (SA)
Universal Storage Systems (SA)

South African leader in Steel -Racking, -Shelving, and -Mezzanine flooring. Universal has innovated an approach which encompasses conceptualising,...

VISIT SHOWROOM 
Willard
Willard

Rooted in the hearts of South Africans, combining technology and a quest for perfection to bring you a battery of peerless standing. Willard...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.351 0.405s - 175pq - 2rq
Subscribe Now