South Africa: Competition Commission backs Harith’s acquisition of FlySafair
Harith entered into an agreement to acquire FlySafair earlier this year.
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The Competition Commission of South Africa has recommended that the Competition Tribunal approve investment firm Harith’s proposed acquisition of low-cost airline FlySafair.
In February, Harith and its affiliates entered into a sale and purchase agreement to acquire FlySafair.
Founded in 2006, Harith is a Johannesburg-based pan-African investment firm with over $3 billion in assets under management. It focuses on sectors including energy, digital connectivity, transportation, and logistics.
The transaction follows a shareholder exit process at FlySafair that has been under consideration for several years.
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