23 September 2009

South African wholesale merger gets go-ahead from Competition Tribunal

The South African Competition Tribunal has unconditionally cleared the acquisition of the Port Elizabeth based wholesaler, Finro, by the wholesale and retail group, Masscash. RBB worked alongside lawyers Cliffe Dekker Hofmeyr to secure clearance of the merger, despite a challenge from the South African Competition Commission. As part of the clearance process, RBB submitted an expert report and Simon Baker gave expert testimony, defending the report under cross-examination.

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