Green light for Afrimat’s ‘deal of the century’
Competition Commission approves the group’s takeover of Lafarge for nearly R1bn
06 November 2023 - 18:50
Afrimat is a step closer to laying its hands on Lafarge SA in a deal worth nearly R1bn after the Competition Commission approved the merger on condition that it will not result in job losses and the merged entity will divest its interest in general aggregates quarries and ready-mix concrete plants across the country.
The competition watchdog on Monday said it will recommend approval to the Competition Tribunal, which has a final say on any mergers. ..
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