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United Kingdom

SA's Competition Tribunal Says Conditionally Approved 3 Separate Deal Involving Raubex, Stefanutti Stocks and WBHO Construction


Wednesday, 21 Feb 2018 

Feb 21 (Reuters) - South Africa's Competition Tribunal::SA'S COMPETITION TRIBUNAL - CONDITIONALLY APPROVED SEPARATE MERGERS INVOLVING RAUBEX, STEFANUTTI STOCKS, WBHO CONSTRUCTION WITH THEIR SME BLACK OWNED COS.SA'S COMPETITION TRIBUNAL - MERGERS RESULT OF A SETTLEMENT AGREEMENT CONCLUDED BETWEEN THE CONSTRUCTION COMPANIES AND THE SOUTH AFRICAN GOVERNMENT.SA'S COMPETITION TRIBUNAL - SETTLEMENT AGREEMENT FOLLOWED COMMISSION’S INVESTIGATION INTO CARTEL CONDUCT IN CONSTRUCTION INDUSTRY BETWEEN 2009 AND 2013.SA'S COMPETITION TRIBUNAL - MERGED ENTITIES WILL BE REFERRED TO AS RAUBEX ALLIANCE, STEFANUTTI STOCKS ALLIANCE AND WBHO CONSTRUCTION ALLIANCE RESPECTIVELY.SA'S COMPETITION TRIBUNAL - THREE COS ELECTED TO ENTER INTO ALLIANCES WITH EMERGING CONTRACTORS WITH MORE THAN 51% BLACK OWNERSHIP.SA'S COMPETITION TRIBUNAL - SETTLEMENT AGREEMENT ALSO PROVIDES FOR THE ESTABLISHMENT OF A TRUST FUND TO DEVELOP THE CONSTRUCTION INDUSTRY.SA'S COMPETITION TRIBUNAL - SETTLEMENT AGREEMENT MAKES PROVISION FOR THE TIRISANO CONSTRUCTION FUND. 

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