Competition Commission prohibits ECP acquisition of Burger King because it will result in a reduction in the current HDP shareholding in Burger King

During last year Grand Parade Investments (GPI) announced that it would sell Burger King South Africa and Grand Foods Meat Plant, which primarily supplies Burger King with patties, to a fund which is owned by Emerging Capital Partners (ECP). The Competition Commission (the Commission) has announced that it has prohibited ECP’s proposed acquisition of Burger King South Africa and Grand …

It would appear that the South African Competition Commission (the Commission) continues with its robust approach

It would appear that the South African Competition Commission (the Commission) continues with its robust approach to horizontal mergers as it has recently recommended that Pepkor’s sale of the Building Company (BUCO) for 1.1 billion rand to Cashbuild be blocked. The Commission argues that the merger will create a dominant supplier of building material and related products in many townships …