South Africa: PIC gets green light for Alzu Agri investment

Posted on: 8 June, 2020 at 8:30 AM

South Africa’s Competition Commission has recommended that the Tribunal approve a proposed transaction whereby the Public Investment Corporation (PIC), on behalf of the Government Employees Pension Fund (GEPF), intends to acquire Alzu Agri without conditions.

Alzu Agri is a diversified agricultural and agro-processing group which is involved in maize production, animal feed production, and cattle and pig breeding, among others.

The commission found that the proposed transaction is unlikely to result in a substantial prevention or lessening of competition in any relevant markets. The commission further found that the proposed transaction does not raise any public interest concerns.

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