Capitec Life Ltd And The Funeral Insurance Business Underwritten in The Cell Structure of Centriq Life Insurance Company Ltd
Case Number
LM152Dec23
Case type
Large Merger
Type of merger
Conglomarate
Case status
Reasons Issued
Outcome
Approved Subject to Conditions
Order date
2024-03-14 12:10:00
Competition Tribunal Members
Anisa Kessery, Fiona Tregenna, Liberty Mncube
Industry
Life Insurance
Relevant market
Funeral insurance policies
Sector
Financial and insurance activities
Case File 2
Remedy
C3 12A(3)(c) ability of small businesses to become competitive
Primary Acquiring Firm
Capitec Life Ltd
Primary Target Firm
The Funeral Insurance Business
Secondary Target Firm
The Funeral Insurance Business
Hearing Parties
10 / H / Capitec Life And The Funeral Insurance Business / LM152Dec23 / AK;FT;LM
Hearing Start
2024-03-14 10:00:00
Hearing End
2024-03-14 11:00:00
Hearing Decision Date
2024-05-27 06:00:02