| Mon 18 Oct 2010, 14:00 | | THEE - Competition Tribunal - Notice of Upcoming Competition Tribunal Hearings |
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JSE
THEE
THEE - Competition Tribunal - Notice of Upcoming Competition Tribunal Hearings
NOTICE OF UPCOMING COMPETITION TRIBUNAL HEARINGS
(Following is a guideline for journalists. The information can be used but
please do not quote Nandi Mokoena or the Tribunal)
CASE(S) Proposed large merger between Imperial
Holdings Ltd and CIC Holdings Ltd
Continuation of Competition Commission
v South African Breweries Ltd
DATE Wednesday, 20 October 2010
TIME 09H30
PLACE The dti Campus
77 Meintjies Street
Mulayo Building, (Block C)
Sunnyside, Pretoria
Tel: +27 (0) 12 394 3300
Fax: +27 (0) 12 394 0169
Website: http://www.comptrib.co.za
Proposed large merger between Imperial Holdings Ltd and CIC Holdings Ltd
Imperial intends to acquire the entire issued share capital of CIC. On
implementing the transaction, CIC will be a subsidiary of Imperial and will be
de-listed from JSE. Imperial is a JSE listed firm which conducts a wide range of
activities relating to transportation including integrated logistics solutions,
car rental, car sales, aviation operations, tourism and financial services. CIC,
on the other hand, is a JSE listed Namibian company that is engaged in
distribution, merchandising, staffing solutions and head office functions.
The merging parties activities overlap in the market for merchandising and sales
services, which they conduct through their respective businesses Mercor (within
Imperial) and VMS Group (within CIC).
The Competition Commission assessed the transaction and concluded that no
significant competition concerns would arise from the proposed merger.
Accordingly, the Commission has recommended that the Tribunal approve this
merger without conditions.
The Tribunal will hear this proposed merger on Wednesday, 20 October 2010.
SAB hearing adjourned until October
(Taken from earlier communication by Jane Sussens)
The Competition Tribunal hearing into the Competition Commission v SAB case,
which began on 11 August 2010 and was scheduled to continue until the 27 August
2010, has been adjourned until October 2010. A revised timetable was agreed
among the parties at the Competition Tribunal pre hearing held on 20 August
2010.This was due to SAB`s request for Metcash Trading Africa`s documents as
well as those for Picardi Rebel.
- The cross examination of Peter Dodson, CEO Metcash Trading Africa and
Darron Swersky, MD Picardi Rebel will take place from 20 - 22 October
2010.
- The remaining witnesses in the case will be heard from 28 March - 15 April
2011.
- The dates for closing arguments will be 3, 4 and 5 May 2011.
Issued By:
Nandi Mokoena
PR Consultant: Competition Tribunal
Cell: +27 (0) 82 399 1328
E-mail: NandisileM@live.co.za
On Behalf Of:
Lerato Motaung
Registrar: Competition Tribunal
Tel: (012) 394 3355
Cell: +27 (0) 82 556 3221
E-Mail: LeratoM@comptrib.co.za
Date: 18/10/2010 14:00:01 Produced by the JSE SENS Department.
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