Tough conditions set for Ram�s acquisitions

Thursday, August 18, 2016

The Competition Authority (CA) has barred local retail giant, Choppies Enterprises from entering the branded consumer electronics goods market for five years while CEO, Ramachandran Ottapathu has been ordered to divest from five of his private companies.

The restrictions were announced by the CA this week as it set out conditions to prevent any possible competition concerns that may arise from Ottapathu’s proposed acquisition of Warbler Holdings.

Ottapathu, through his company called Bluehearts (Pty) Ltd, seeks to acquire the entire issued shareholding of Warbler Holdings, a holding company for four firms, IT4 Africa (Pty) Ltd, Goldtech Enterprises (Pty) Ltd, Healthwest Africa (Pty) Ltd and Solid Logistics (Pty) Ltd.

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Tough conditions set for Ram�s acquisitions

The Competition Authority (CA) has barred local retail giant, Choppies Enterprises from entering the branded consumer electronics goods market for five years while CEO, Ramachandran Ottapathu has been ordered to divest from five of his private companies.