African Bank Ltd And Grindrod Financial Holdings
Case Number
LM069Jul22
Case type
Large Merger
Procedural matter
Type of merger
Horizontal
Case status
Reasons Issued
Outcome
Approved
Order date
21-09-2022
Competition Tribunal Members
Andiswa Ndoni, Yasmin Carrim, Imraan Valodia
Industry
Central Banking
Relevant market
broad market for the provision of banking services, in particular the narrower market for corporate banking in South Africa
Sector
Financial and insurance activities
Case Name
African Bank And Grindrod Financial Holdings
Primary Acquiring Firm
African Bank Ltd
Primary Target Firm
Grindrod Financial Holdings