ABSA Bank Ltd And The Custody, Trustee, Derivatives Cleaning Business of Societe Generale S.A (SOCGEN) Johannesburg Branch and Global Custody Services Performed by via Foreign Sub-Custodians
Case Number
LM021May19
Case type
Large Merger
Type of merger
Horizontal
Case status
Reasons Issued
Outcome
Approved
Order date
12-06-2019
Competition Tribunal Members
Norman Manoim, Mondo Blessing Mazwai, Medi Mokuena
Industry
Other financial service activities, except insurance and pension funding activities.
Relevant market
The market for the provision of (i) equity derivatives clearing services, (ii) currency derivatives clearing services, (iii) interest rate derivatives clearing services (iv) and the broad market for the provision of derivatives clearing services.
Sector
Financial and insurance activities
Case File
Case Name
ABSA Tower West And SocGen
Primary Acquiring Firm
ABSA Bank Ltd
Primary Target Firm
The Custody, Trustee, Derivatives Clearing Business