BRUCE WHITFIELD: The Competition Commission bites the investment hand that feeds SA
The message is that foreign investors should think twice before ploughing money into SA
07 June 2021 - 08:00
The Competition Commission’s decision to block the R500m takeover of the domestic operations of Burger King may have far-reaching implications for merger & acquisition (M&A) activity in SA — and will more than likely be tested in court.
The commission vetoed the deal as the empowerment credentials of the buyer — private equity group ECP Africa, which has offices in Washington, Abidjan and Joburg — fell below those of the seller, one of SA’s most venerable empowerment companies, Grand Parade Investments (GPI). ..
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