The Tribunal has approved the large merger whereby Kalander Kapitaal (Pty) Ltd (“Kalander”) and Fynbos Kapitaal (Pty) Ltd (“Fynbos”) will acquire control of Limietberg Sekuriteit (Pty) Ltd (“Sekuriteit”) and NewCo.
The transaction has been approved without conditions as it raises no public interest concerns and is unlikely to substantially lessen or prevent competition in any market in South Africa.
The transaction will be executed through a restructuring process wherein Fynbos will acquire ownership and control of Sekuriteit; and Kalander will acquire ownership and control of Newco.
The acquiring firms, Kalander and Fynbos, are wholly owned by Kalander Trust and Fynbos Trust, respectively. The primary target firms are Sekuriteit and a new company to be formed for the purposes of this transaction, Newco. The acquiring group and Sekuriteit are investment holding companies that have investment interests in various companies. Newco has no business activities.
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