Competition Tribunal gives Absa, Société Générale deal the nod | Fin24
 
  • Disposal?

    Sasol may be planning to sell its South African coal-mining operations.

  • National Carrier

    Fixing SAA means overcoming an 'organised crime syndicate', says ex-prosecutions boss Vusi Pikoli.

  • Fin24’s newsletter

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

Loading...

Competition Tribunal gives Absa, Société Générale deal the nod

Jun 12 2019 19:04

The Competition Tribunal has approved, without conditions, a large merger that will see Absa acquiring target assets from Société Générale.

The Competition Commission had recommended that the Tribunal approve the deal without conditions, Fin24 previously reported.

"The Tribunal has approved a large merger, without conditions, whereby Absa Bank Ltd (Absa) seeks to acquire Société Générale SA (SocGen) Johannesburg branch in respect of target assets," the Tribunal said on Wednesday evening.

"In its assessment of the proposed merger, the Commission was of the view that the proposed transaction is unlikely to substantially prevent or lessen competition in any relevant market."

absa  |  mergers and acquisitions
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...