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DP World Logistics FZE v Cargo Services Seafreight Limited (LM046Jun24) [2024] ZACT 16 (6 August 2024)

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COMPETITION TRIBUNAL REPUBLIC OF SOUTH AFRICA

 

Case No.: LM046Jun24

 

In the matter between:


 


DP World Logistics FZE

Primary Acquiring Firm

 


And


 


Cargo Services Seafreight Limited

Primary Target Firm

 

Panel:

M Mazwai (Presiding Member)


G Budlender (Tribunal Member)


I Valodia (Tribunal Member)

Heard on:

06 August 2024     

Decided on:

06 August 2024  

 

ORDER

 

Further to the recommendation of the Competition Commission in terms of section 14A(1)(b) of the Competition Act, 1998 (“the Act”) the Competition Tribunal orders that–

 

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

 

2.    a Merger Clearance Certificate be issued in terms of Competition Tribunal Rule 35(5)(a).

 

Presiding Member Ms Mondo Mazwai

 

06 August 2024

Date

 

Concurring: Adv Geoff Budlender SC and Prof Imraan Valodia