The following Merger Alert is for information purposes only and is not binding on the Competition Tribunal or any member of the Tribunal

 

 

Type of matter

Parties involved

Tribunal Decision

Large merger

Momentum Metropolitan Strategic Investments (Pty) Ltd And Investment Managers Group (Pty) Ltd and Royal Investment Managers (Pty) Ltd

Approved with conditions

 


The Competition Tribunal has conditionally approved the merger whereby Momentum Metropolitan Strategic Investments (Pty) Ltd (“MMSI”), a wholly owned subsidiary of Momentum Metropolitan Holdings Ltd (“Momentum Metropolitan”), intends to acquire Investment Managers Group (Pty) Ltd (“Investment Managers”) and shares in Royal Investment Managers (Pty) Ltd (“Royal Investment”).

The acquiring group (MMSI, Momentum Metropolitan and all firms directly or indirectly controlled by Momentum Metropolitan) is in the business of financial services. It offers life and non-life insurance, employee benefits (including healthcare and retirement provision), asset management, property management, investments and savings, healthcare administration and health risk management, and client engagement solutions.

 

Investment Managers and Royal Investment invests in asset management firms.



Issued by:

Gillian de Gouveia, Communications Manager
On behalf of the Competition Tribunal of South Africa
Cell: +27 (0) 82 410 1195
E-Mail: GillianD@comptrib.co.za
Twitter: @comptrib