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CCA approves Khoemacau’s sale

Friday, February 02, 2024 | 1010 Views |

Deal sealed: The Khoemacau deal has cleared a significant regulatory requirement

The Competition and Consumer Authority (CCA) has given Chinese state majority owned investor MMG the go-ahead to proceed with the $1.88 billion (P26 billion) purchase of Khoemacau Copper.

Highly placed sources told BusinessWeek that the deal, the largest in the country’s private sector, is on track to be finalised in the first half of the year, as originally anticipated by the parties involved.

On Wednesday, the CCA confirmed the latest developments, noting that its assessments showed that the sale would not have any negative effect on public interest matters as per the provisions of the Competition Act.

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CCA approves Khoemacau’s sale

The Competition and Consumer Authority (CCA) has given Chinese state majority owned investor MMG the go-ahead to proceed with the $1.88 billion (P26 billion) purchase of Khoemacau Copper.

Govt inks $4bn renewable energy deal with Indian firm

Detained Mexican 'Drug Kingpins' wanted in Mozambique

Greater Gaborone gets P534m hi-tech traffic eye

Ramogapi, Palapye’s dapperly garbed legislators

Citizenship isn't for sale—Mokgware

Intervene early, don't rely on death penalty—Boko

Micro-procurement maze demands urgent reform

Christmas tree charcuterie

Micro-procurement maze demands urgent reform