Merger Alert: Commercial Cold Holdings (Pty) Ltd and Sequence Logistics Holdings (Pty) Ltd
Kennisgewing
Die volgende samesmeltingswaarskuwing is slegs vir inligtingsdoeleindes en is nie bindend vir die Mededingingstribunaal of enige lid van die Tribunaal nie
Lead Text
The Tribunal has, subject to an employment related condition, approved the proposed large merger wherein Commercial Cold Holdings (Pty) Ltd (“CCH”) intends to acquire Sequence Logistics Holdings (Pty) Ltd (“Sequence Logistics Holdings”).
Tipe materie
Large merger
Partye betrokke
Commercial Cold Holdings (Pty) Ltd and Sequence Logistics Holdings (Pty) Ltd
Tribunaalbeslissing
Approved with conditions
Uitgereik deur
Gillian de Gouveia, Communications Manager
On behalf of the Competition Tribunal of South Africa
The Tribunal has, subject to an employment related condition, approved the proposed large merger wherein Commercial Cold Holdings (Pty) Ltd (“CCH”) intends to acquire Sequence Logistics Holdings (Pty) Ltd (“Sequence Logistics Holdings”).
CCH is a newly incorporated company and does not currently undertake any business activities. The acquiring group, through its subsidiary “TLG Group”, is involved in the provision of third-party cold storage services. The Sequence Group provides third party cold storage services which entails bulk frozen and chilled warehouses.
