Karan Beef merger approved with conditions | Fin24
 
  • Cadre Cover

    The ANC is planning to launch a funeral policy scheme for members and supporters.

  • VBS Collapse

    Ramaphosa has acknowledged South Africans' impatience to see justice done.

  • Fin24’s newsletter

    Sign up to receive Fin24's top news in your inbox every morning.

Loading...

Karan Beef merger approved with conditions

Jan 16 2019 21:50

The proposed merger of Karan Beef Holdings merger with Karan Beef and Karan Beef Feedlot was approved by the Competition Tribunal on Wednesday with certain conditions.
 
Karan Beef Holdings is a newly incorporated special purpose entity, established for the proposed transaction. Karan Beef is involved in cattle slaughtering, deboning, packaging and selling beef carcasses and cuts.

Karan Beef Feedlot purchases calves from breeders and feeds them a special feed until maturity.
 
The Competition Commission, which assesses large mergers before referring them to the Tribunal for a decision, evaluated the proposed merger and recommended that the merger should be approved with conditions aimed at providing a means for historically disadvantaged persons to participate in commercial farming activities.

NEXT ON FIN24X

 
 
 
 

Company Snapshot

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

What's your view on deep sea mining?

Previous results · Suggest a vote

Loading...