Luxembourg firm seeks to acquire Regent, Hollard

Staff Writer | Friday June 3, 2016 15:18

DAI seeks to acquire 100% issued share capital of the Regent Botswana Group and 70% issued share capital in the Hollard Botswana Group.

The authority therefore sought any stakeholder views for, or against, the proposed merger, which may be sent within 10 days from date of publication.

According to the Competition Act, “…any person, including a third party not party to the proposed merger, may voluntarily submit to the inspector or the authority any document, affidavit, statement or other relevant information in respect of a proposed merger”.

DAI is an investment holding company duly registered in Luxembourg, a tiny European country, bordered by Belgium, France and Germany.

 It is a wholly owned subsidiary of L Perlman SECS and does not have any direct operations in Botswana.

On the other hand, Regent Botswana is part of the international Imperial group that operates throughout Africa, Europe, the U.S and Australia. It is a parent company to Regent Insurance Botswana and Regent Life Botswana.

Hollard Botswana Group is an insurance investment company that operates Hollard Insurance Botswana, Hollard Life Botswana and Hollard Holdings Botswana.