Mercantile Bank, A division of Capitec Bank Ltd And A Loan Book of A Maximum of 400 Loans Owned by Grobank Ltd
Case Number
LM170Dec20
Case type
Large Merger
Type of merger
Horizontal
Case status
Reasons Issued
Outcome
Approved
Order date
24-02-2021
Competition Tribunal Members
Yasmin Carrim, Fiona Tregenna, Imraan Valodia
Industry
Other monetary intermediation
Relevant market
Market for the provision of commercial property loans, instalment sales agreement, and residential loans
Sector
Financial and insurance activities
Case File
Case Name
Mercantile Bank And Grobank
Primary Acquiring Firm
Mercantile Bank
Primary Target Firm
Grobank Ltd