The Competition Tribunal has unconditionally approved the transaction whereby the Government Employees Pension Fund (GEPF) will acquire a minority shareholding in Alzu Agri.
Represented by the Public Investment Corporation, the GEPF administers pensions and other benefits on behalf of government employees, by investing in equities and property.
Alzu Agri owns and controls several firms in the agricultural industry, including in maize production, animal feed production and cattle and pig breeding.
After the transaction, Alzu Agri will be jointly controlled by original parent company Du Toi Zoe 8, which is family-owned, and the GEPF.