Old Mutual Funeral Services (Pty) Ltd And Two Mountains Underwriters (Pty) Ltd, Two Mountains Burial Services (Pty) Ltd and Two Mountains Financial Services (Pty) Ltd
Case Number
LM010Apr23
Case type
Large Merger
Type of merger
Horizontal
Case status
Reasons Issued
Outcome
Approved Subject to Conditions
Order date
03-07-2023
Competition Tribunal Members
Andreas Wessels, Jerome Wilson, Thando Vilakazi
Industry
Insurance, reinsurance and pension funding, except compulsory social security
Relevant market
Provision of funeral and burial cover to individuals
Sector
Financial and insurance activities
Remedy
12A(3)(e) remedy
Case Name
Old Mutual Funeral Services And Two Mountains Underwriters
Primary Acquiring Firm
Old Mutual Funeral Services
Primary Target Firm
Two Mountains Underwriters