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BRIEF-SA’s Competition Tribunal Conditionally Approves Mr Price/Otto Brothers Deal

PUBLISHED: Fri, 26 Mar 2021 11:33:13 GMT

March 26 (Reuters) – SA’s Competition Tribunal:

* SA’S COMPETITION TRIBUNAL – CONDITIONALLY APPROVED MERGER WHEREBY MR PRICE WILL ACQUIRE RETAIL APPAREL BUSINESS OPERATED BY OTTO BROTHERS

* SA COMPETITION TRIBUNAL – CONCLUDED THAT TRANSACTION IS UNLIKELY TO SUBSTANTIALLY PREVENT OR LESSEN COMPETITION IN ANY MARKET IN SOUTH AFRICA

* SA’S COMPETITION TRIBUNAL, ON MR PRICE/OTTO BROTHERS DEAL CONDITIONS IMPOSED ON MERGER TO PROMOTE LOCAL PROCUREMENT WITHIN MR PRICE GROUP POST-MERGER Further company coverage:

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