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COMPETITION TRIBUNAL OF SOUTH AFRICA

 

Case No.: IM196Mar22

 

 

In the matter between:

 

Corruseal Group (Pty) Ltd                                    First Applicant

 

Neopak Holdings (Pty) Ltd                                   Second Applicant

 

And

 

The Competition Commission of South Africa      Respondent

 

Mpact Operations (Pty) Ltd                                  First Intervenor

 

APL Cartons (Pty) Ltd                                          Second Intervenor

 

In re the intermediate merger between:

 

Corruseal Group (Pty) Ltd                                    Primary Acquiring Firm

 

And

 

Neopak Holdings (Pty) Ltd                                   Primary Target Firm

 

 

Panel:          AW Wessels (Presiding Member)

M Mazwai (Tribunal Member)

L Mncube (Tribunal Member)

 

Heard on:     07-11, 14, 16-18, 30 November 2022; 13-14 December 2022; and 02 February 2023

 

Last submission on:          08 February 2023

Decided on:                       22 February 2023

 

 

ORDER

 

 

Further to the merging parties’ consideration application in terms of section 16(1)(a) of the Competition Act, 1998 (“the Act”) the Competition Tribunal orders that–

 

1.           the merger between the abovementioned parties be prohibited in terms of section 16(2)(c) of the Act; and

 

2.           a certificate to prohibit the merger be issued in terms of Competition Tribunal Rule 34(a).

 

 

Presiding Member Mr Andreas Wessels

 

Concurring: Ms Mondo Mazwai and Prof Liberty Mncube

 

22 February 2023 Date

 

 

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