The Competition Tribunal -
The Competition Tribunal has today, 4 September 2003, approved the merger
between Anglo American Holdings ("Anglo") and Kumba Resources Ltd ("Kumba"),
subject to the condition that no person will simultaneously hold office as a
director of both Kumba and Highveld Steel & Vanadium Corporation Ltd
("Highveld") or of both Kumba and Scaw Metals Ltd ("Scaw Metals").
The Tribunal found that, provided the condition is included, the merger would
not lead to a substantial lessening or prevention of competition and that it
would not be justified to prohibit the merger on public interest grounds.
Issued by: Jane Sussens
Communications Advisor
Tel: (011) 483 2687
Cell: 082 9200 875
Fax: (011) 483 2686
E-Mail: jane.sussens@mweb.co.za
On Behalf of: Shan Ramburuth
CEO
The Competition Tribunal
Tel: (012) 482 9204
Fax (012) 482 9201
Cell: 083 3571 685
E-Mail: shanr@comptrib.co.za
www.comptrib.co.za
4 September 2003
Date: 04/09/2003 05:22:02 PM Supplied by www.sharenet.co.za
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