CCA approves Khoemacau’s sale

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