Sanlam Investment Holdings (Pty) Ltd (and its Subsidiaries) And The Asset Management Business of ABSA Group Ltd
Case Number
LM190Mar22
Case type
Large Merger
Type of merger
Conglomarate
Case status
Reasons Issued
Outcome
Approved Subject to Conditions
Order date
2022-07-21 12:10:00
Competition Tribunal Members
Andiswa Ndoni, Fiona Tregenna, Imraan Valodia
Industry
Financial
Relevant market
asset management
Sector
Financial and insurance activities
Remedy
C2 12A(3)(b) employment
Sections of the act
13A(3)
Primary Acquiring Firm
Sanlam Investment Holdings
Primary Target Firm
ABSA Group Ltd
Secondary Target Firm
ABSA Group Ltd
Hearing Parties
10 / H / Sanlam Investment Holdings And ABSA Group / LM190Mar22 / AN;FT;IV
Hearing Start
2022-07-21 10:00:00
Hearing End
2022-07-21 16:00:00
Hearing Decision Date
2024-05-27 06:00:03