Tribunal approves AECI’s R2.27bn buyout of Much Asphalt

3rd April 2018

By: Simone Liedtke

Creamer Media Social Media Editor & Senior Writer

     

Font size: - +

The Competition Tribunal has approved AECI’s proposed acquisition of asphalt manufacturer and supplier Much Asphalt without conditions, despite the merging parties’ vertical relationship.

AECI announced in October 2017 that it would acquire Much Asphalt for R2.27-billion.

AECI controls a number of firms that supply mining and water solutions, agrochemicals and food additives and ingredients, as well as a portfolio of specialty chemicals businesses.

Much Asphalt manufactures and supplies hot and cold asphalt products to the commercial sector and is active in the market for the manufacture and supply of asphalt and value-added bitumen products.

The approval followed the Competition Commission’s recommendation that the transaction be approved without conditions, despite AECI subsidiaries supplying caustic soda and fluxing agents to Much Asphalt’s subsidiaries.

The commission found that the transaction would not raise any competition concerns, nor would it negatively affect public interests.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

The content you are trying to access is only available to subscribers.

If you are already a subscriber, you can Login Here.

If you are not a subscriber, you can subscribe now, by selecting one of the below options.

For more information or assistance, please contact us at subscriptions@creamermedia.co.za.

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