WBHO-Trencon merger approved with conditions

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The merger is the result of a settlement agreement following a probe into widespread collusion in the construction sector

The Competition Tribunal has approved the proposed merger of WBHO Construction and Trencon Construction with conditions, it said on Monday.

The 2016 settlement agreement made provision for the establishment of a fund to develop and enhance the construction industry’s transformation objectives, among other things. The trustees of the fund are made up of construction companies who are party to the settlement agreement, as well as government representatives, the commission said in a statement.

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