Momentum Metropolitan Strategic Investments (Pty) Ltd And Investments Managers Group (Pty) Ltd and Royal Investment Managers (Pty) Ltd
Case Number
LM104Oct23
Case type
Large Merger
Type of merger
Both
Case status
Reasons Issued
Outcome
Approved Subject to Conditions
Order date
2024-01-23 12:10:00
Competition Tribunal Members
Andreas Wessels, Liberty Mncube, Mondo Blessing Mazwai
Industry
Financial services
Relevant market
Provision of asset management services
Sector
Financial and insurance activities
Case File 2
Case File 3
Remedy
Firewalls related to information sharing between competitors
Primary Acquiring Firm
Momentum Metropolitan Strategic Investments (Pty) Ltd
Primary Target Firm
Investments Managers Group (Pty) Ltd and Royal Investment Managers (Pty) Ltd
Secondary Target Firm
Investments Managers Group (Pty) Ltd and Royal Investment Managers (Pty) Ltd
Hearing Parties
12 / H / Momentum Metropolitan And Investments Managers Group / LM104Oct23 / AW;LM;MMA
Hearing Start
2023-12-21 12:30:00
Hearing End
2023-12-21 15:00:00
Hearing Decision Date
2024-05-27 06:00:02