South Africa: Competition Commission recommends approval of proposed Old Mutual deal

South Africa’s Competition Commission has recommended the approval of a proposed transaction whereby Old Mutual Alternative Investments (OMAI) intends to acquire ACTOM.

The ACTOM Group is involved in the manufacture, repair, maintenance, and distribution of electromechanical equipment in Africa.

The Commission found that the proposed transaction is unlikely to result in a substantial prevention or lessening of competition in any relevant markets. The Commission further found that the proposed transaction does not raise any public interest concerns.

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