Cashbuild’s plan to buy Pepkor’s hardware subsidiary falls apart
Groups abandon proposed deal after it gets Competition Commission thumbs-down
12 August 2021 - 09:31
UPDATED 12 August 2021 - 18:20
Pepkor and Cashbuild have called off the planned R1.1bn sale of The Building Company (TBC) after failing to get approval from competition authorities.
The deal could almost have doubled SA’s largest building retailer’s revenue...
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