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
2023-07-03 12:10:00
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
C5 12A(3)(e) remedy
Primary Acquiring Firm
Old Mutual Funeral Services
Primary Target Firm
Two Mountains Underwriters
Secondary Target Firm
Two Mountains Underwriters
Hearing Parties
10 / H / Old Mutual Funeral Services And Two Mountains Underwriters / LM010Apr23 / AW;JW;TV
Hearing Start
2023-06-30 10:00:00
Hearing End
2023-06-30 12:00:00
Hearing Decision Date
2024-05-27 06:00:02