| Mon 8 Nov 2010, 15:13 | | THEE - Notice of upcoming Competition Tribunal hearings |
|
JSE
THEE
THEE - 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please do not quote Nandi Mokoena or the Tribunal)
Cases Failure to notify construction merger
Proposed large merger between the Spar Group and Fraqur 165
and Northern Light Trading 128
Date Wednesday, 10 November 2010
Time 10H00
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
1 Failure to notify construction merger
On Wednesday, the Competition Commission, WBHO Construction and Edwin
Construction will ask the Tribunal to confirm a settlement they reached as a
consent order. The settlement follows WBHO and Edwin`s failure to notify the
Commission of a merger between the two firms. When this came to their attention
the merging parties notified the Commission, which approved the merger in
September 2009. In terms of the settlement the parties admit that they failed to
notify the Commission of the merger before implementing it, in contravention of
the Competition Act. WBHO also agrees to pay R1 million and Edwin R100 000.00,
as penalties for their contraventions.
2 Proposed large merger between the Spar Group and Fraqur 165 and Northern
Light Trading 128
In this merger, which is structured in two stages, Spar Group intends to acquire
4 existing Spar supermarket businesses located in Gauteng from Farqur and
Northern Light. These are Bloedstreet SuperSpar in Bloedstreet Mall, Tsakane
SuperSpar and Tops Liquor Store in Tsakane Mall, Alex SuperSpar situated in Alex
Plaza as well as Sebokeng SuperSpar and Tops Liquor Store in Thabong Shopping
Centre. These businesses sell a wide range of fresh and processed foodstuffs and
other household items.
The Competition Commission has recommended that the Tribunal approve this merger
without conditions.
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: 08/11/2010 15:13:01 Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
