Publications
Partners
Johannesburg - The Competition Tribunal on Wednesday unconditionally approved a proposed merger between Old Mutual Life Assurance and Momentum for certain assets and policies.
The merger involves the transfer of certain policies of institutional customers, including the Nestlé provident fund, Eskom pension fund and the Macsteel Group pension fund.
It includes the transfer of the underlying assets associated with these policies.
The Competition Commission assessed the merger and decided it was unlikely to cause a substantial lessening of competition in the market. It recommended that the deal be approved without conditions by the Competition Tribunal.
The merger involves the transfer of certain policies of institutional customers, including the Nestlé provident fund, Eskom pension fund and the Macsteel Group pension fund.
It includes the transfer of the underlying assets associated with these policies.
The Competition Commission assessed the merger and decided it was unlikely to cause a substantial lessening of competition in the market. It recommended that the deal be approved without conditions by the Competition Tribunal.
