The proposed acquisition of the South African assets of buildings materials group Lafarge South Africa by Afrimat apparently became fait accompli on Friday when the Competition Tribunal was informed there is no longer any opposition to the deal. Last year, the commission recommended the transaction be approved with some conditions, which include the merging parties to divest certain quarries where its ownership concentration would limit competition.
After a series of engagements with some of the parties that had registered objections to the proposed merger, Afrimat has effectively sealed the transaction over the past few weeks. Most of the objecting parties were some of the communities hosting Lafarge's quarries and sand mines
इंडिया ताज़ा खबर, इंडिया मुख्य बातें
Similar News:आप इससे मिलती-जुलती खबरें भी पढ़ सकते हैं जिन्हें हमने अन्य समाचार स्रोतों से एकत्र किया है।
स्रोत: Fin24 - 🏆 21. / 63 और पढो »