Volvo Financial Services Southern Africa (Pty) Ltd And Volvo Vehicle Finance Debtors Book Owned By Wesbank, A Division of Firstrand Ltd
Case Number
LM162Mar20
Case type
Large Merger
Type of merger
Horizontal
Case status
Reasons Issued
Outcome
Approved
Order date
31-03-2020
Competition Tribunal Members
Enver Daniels, Andreas Wessels, Imraan Valodia
Industry
Financial services
Relevant market
financial services to the customers who buy Volvo Group SA products.
Sector
Financial and insurance activities
Case File
Case Name
Volvo Financial Services and Volvo Vehicle Finance
Primary Acquiring Firm
Volvo Financial Services Southern Africa (Pty) Ltd
Primary Target Firm
Volvo Vehicle Finance Debtors Book Owned by Wesbank, A division of Firstrand