Merger Alert: Tribunal unconditionally approves HN Motor Holdings and NMI transaction
Notice
The following Merger Alert is for information purposes only and is not binding on the Competition Tribunal or any member of the Tribunal
Lead Text
The Tribunal has unconditionally approved a merger in which HN Motor Holdings will acquire shares in NMI Durban South Motors, moving from joint to sole control over NMI...
Type of matter
Large merger
Parties involved
HN Motor Holdings (Pty) Ltd and NMI Durban South Motors (Pty) Ltd
Tribunal Decision
Approved without conditions
Issued By
Gillian de Gouveia
Communications Manager
Competition Tribunal of South Africa
E-Mail:
GillianD@comptrib.co.za
Tribunal unconditionally approves HN Motor Holdings and NMI transaction
The Competition Tribunal has unconditionally approved a merger in which HN Motor Holdings (Pty) Ltd (“HN Motor Holdings”) will acquire shares in NMI Durban South Motors (Pty) Ltd (“NMI”), moving from joint to sole control over NMI.
The acquiring group is active in the sale of new and used passenger and commercial vehicles, including the provision of ancillary motor vehicle services.
The target group is active in the sale of new and used commercial and passenger vehicles and the provision of after-sales services.
