News Formal

Competition Commission asked to justify SAA-Takatso merger recommendation

  • 📰 ewnupdates
  • ⏱ Reading Time:
  • 30 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 53%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

Last month, the commission gave provisional approval of the merger which would see Takatso buy 51% of SAA.

JOHANNESBURG - The Competition Commission has had to justify its recommendation on the South African Airways Takatso Consortium merger.

The commission has now referred the deal to the Competition Tribunal, which is having hearings on Tuesday. The tribunal has spent the morning hearing competition-related submissions on the Takatso Consortium merger, including how divestiture of two subsidiaries will address the commission's concerns on competition.

Takatso has also had to reassure the panel that it would still be able to manage SAA optimally without its subsidiaries.In its recommendation, the commission made no merger-related retrenchments one of the conditions one that Takatso has accepted.

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:

 /  🏆 30. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

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

Competition Tribunal hearing into the SAA-Takatso merger underway | The CitizenDay one of a two-day hearing into the merger between Takatso Aviation Consortium and South African Airways (SAA) is underway at the Competition Tribunal in Pretoria. 👨‍⚖️👨‍✈️ Here's what happened TheCitizenNews
Source: TheCitizen_News - 🏆 6. / 75 Read more »