CA conditionally Okays BDC, Nampak deal

Friday, January 13, 2017

The Competition Authority (CA) has set out jobs preservation and citizen empowerment as conditions for the approval of the deal in which South Africa’s Nampak seeks to buy a majority stake in Lobatse-based Can Manufacturers from Botswana Development Corporation (BDC).

While the watchdog says it does not see any competition issues arising from the deal, the authority only approved the transaction on condition that Nampak will continue to manufacture in Botswana and not turn the factory into a mere distribution centre.

Nampak is also obliged to sell part of the shareholding in the businesses to a citizen or Botswana controlled company.

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CA conditionally Okays BDC, Nampak deal

The Competition Authority (CA) has set out jobs preservation and citizen empowerment as conditions for the approval of the deal in which South Africa’s Nampak seeks to buy a majority stake in Lobatse-based Can Manufacturers from Botswana Development Corporation (BDC).

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