News Formal

Takatso, SAA deal given the green-light

  • 📰 eNCA
  • ⏱ Reading Time:
  • 15 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 51%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

The Competition Commission says it found that the merger does not raise any substantial public interest concerns.

The recommendation follows the Commission’s investigation into Takatso intention to acquire 51 percent of SAA from Government.

If the merger is approved by the Tribunal, the remaining 49% shareholding in SAA will be retained by the Department of Public Enterprises.Takatso has committed to injecting R3-billion into SAA, once its debt has been settled and competition authorities sign off on the deal.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 49. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

SAA deal: Competition watchdog says LIFT owner must bail | BusinessGlobal Aviation, the operator of LIFT airlines, has agreed to leave Takatso consortium so that the Competition Commission can recommend that its bid to take over a majority of SA Airways be approved. | News24_Business
Source: News24 - 🏆 4. / 80 Read more »