Johannesburg - The Competition Commission on Wednesday recommended that the Competition Tribunal approve the proposed merger of financial services group FirstRand [JSE:FSR] and Barnard Jacobs Mellet Holdings [JSE:BJM] without conditions.
FirstRand intends to acquire the entire issued share capital of Barnard Jacobs, making it the sole owner of Barnard Jacobs after the transaction.
The Commission also recommended that the Tribunal approve the proposed merger between South Africa Infrastructure Fund Trust (SAIF) and Infrastructure Concessions South Africa (ICSA) without conditions.
SAIF intends to acquire 66.24% of the issued share capital in ICSA.
FirstRand intends to acquire the entire issued share capital of Barnard Jacobs, making it the sole owner of Barnard Jacobs after the transaction.
The Commission also recommended that the Tribunal approve the proposed merger between South Africa Infrastructure Fund Trust (SAIF) and Infrastructure Concessions South Africa (ICSA) without conditions.
SAIF intends to acquire 66.24% of the issued share capital in ICSA.