The Competition Tribunal has been advised (5 December) to approve DSV Holding Germany GmbH’s proposed acquisition of Schenker Aktiengesellschaft, subject to conditions. Both companies are global logistics and freight forwarding providers, with operations in South Africa.
The Commission concluded that the merger is unlikely to harm competition and noted that public interest concerns were addressed, including commitments by the merged entity to avoid retrenching a specified number of employees. The acquisition does not present further significant public interest issues.
In the same announcement, Competition Commission Approves Old Mutual’s Acquisition of Summerstrand Student Village
The Competition Commission has conditionally approved the acquisition of Summerstrand Student Village by Old Mutual Rental Housing Investment Fund Two Ltd (OMRENT), a subsidiary of the Old Mutual Group.
OMRENT focuses on acquiring and managing rental properties, while Summerstrand Student Village is a student housing property in Gqeberha, Eastern Cape.
The Commission found no significant competition concerns but mandated the establishment of an employee trust to benefit workers as part of the transaction. No further public interest issues were identified.
