CA green-lights CMB�s Lobatse Clay Works acquisition

CMB will now buy 80% stake in Lobatse Clay Works
CMB will now buy 80% stake in Lobatse Clay Works

The Competition Authority (CA) has approved the proposed acquisition of a majority stake in Lobatse Clay Works by private equity firm, Capital Management Botswana (CMB).

CMB is buying an 80% stake in Lobatse Clay Works from Botswana Development Corporation (BDC) through its private equity fund, The Botswana Opportunities Partnership (BOP).

In a statement, the CA said analysis of the facts of the merger, show that the proposed transaction is not likely to result in the prevention or substantial lessening of competition, or endanger the continuity of the services offered in the market under consideration.

Editor's Comment
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