Pepkor (Pty) Ltd and FGI Holdings (Pty) Ltd
In this transaction, Pepkor acquires FGI Holdings. The Commission earlier recommended that the proposed merger be approved without conditions.
Pepkor controls companies such as Tekkie Town and Pep. Pepkor is ultimately owned by Steinhoff International N.V. Pepkor holdings operates its business in four operational segments which include clothing and general merchandise; furniture, appliances and electronics; building materials; and financial services. Steinhoff operates across several sectors including furniture, general merchandise clothing, consumer electronics, financial services.
FGI Holdings controls three firms, one of them being Abacus Insurance Limited. FGI is controlled by Wands Investment (Pty) Ltd. FGI, through its Abacus businesses, provides credit insurance and funeral policies.
Cream Magenta 140 (Pty) Ltd and Metcap 14 (Pty) Ltd And Southern View Finance Holdings (Pty) Ltd and Century Capital (Pty) Ltd
This is a simple merger in the financial services sector in terms of which investment holding companies Cream Magenta and Metcap seek to acquire loan claims against Southern View and the unsecure lending books owned by CenCap.
The Commission earlier recommended that the proposed transaction be approved without conditions, as the merger presents no competition or public interest concerns.
SM Holdco (Pty) Ltd and Smartmatta (Pty) Ltd
In this large merger, SM Holdco acquires Smartmatta. The Commission earlier recommended that the transaction be approved without conditions.
SM Holdco has no activities as it was established for the proposed transaction. The company is jointly controlled by Corvest 12 (Pty) Ltd and Anthill Mid Cap Fund I (Pty) Ltd. Corvest is ultimately controlled by FirstRand Ltd.
SmartMatta provides on-site waste management solutions, off-site recycling facilities, supply chain and logistics and advisory services to a diversified and blue-chip customer base.
|