Clover deal with Milco gets nod from Competition Tribunal
The tribunal has approved the merger, but has set a three-year moratorium on job losses at the merged entity
25 September 2019 - 13:50
Consortium Milco’s R4.8bn acquisition of listed foods and beverages group Clover Industries has been given the go-ahead by the Competition Tribunal.
The tribunal has put a three-year moratorium on retrenching 516 workers, it said on Wednesday, noting that that number had also been subsequently lowered to 277 planned job losses...
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