Chicken Licken deal gets CA nod

Staff Writer | Friday October 31, 2014 14:09

In a statement released this week, the competition watchdog said it had determined to unconditionally authorise the proposed transaction on the grounds that there were no substantive competition concerns that would arise in the fast food market.

“ The proposed transaction is not likely to result in a substantial lessening of competition, nor endanger the continuity of service, due to the absence of both product and geographic overlap in the activities of the merging parties.

“ Similarly, the implementation of the proposed merger is not expected to result in acquisition of a dominant position in the fast food market,” read the statement.

However, the CA said the approval did not override or negate any other mandatory statutory approvals or processes, which stipulate that any of the parties to this merger should comply with this under the Laws of Botswana.

Ismail is buying the franchise through Setso Home, a shelf company used as a special purpose vehicle for the acquisition of the Chicken Licken businesses from Nanzz.