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
2021-02-24 12:10:00
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 File 3
Primary Acquiring Firm
Mercantile Bank
Primary Target Firm
Grobank Ltd
Secondary Target Firm
Grobank Ltd
Hearing Parties
10 / H / Mercantile Bank And Grobank / LM170Dec20 / YC;FT;IV
Hearing Start
2021-02-24 10:00:00
Hearing End
2021-02-24 12:00:00
Hearing Decision Date
2024-05-27 06:00:04