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Article: Statement re Disposal of Afrox Healthcare Ltd.
- Article from:
- PR Newswire
- Article date:
- April 20, 2004
CopyrightCOPYRIGHT 2004 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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COMPETITION COMMISSION RECOMMENDS CONDITIONAL APPROVAL OF BIDCO AND AFROX
HEALTHCARE DEAL
African Oxygen Limited (Afrox) wishes to notify all its shareholders and
interested parties that, on Friday 16 April 2004, the Competition Commission
recommended to the Competition Tribunal that the merger of Business Venture
Investments No 790 (Pty) Ltd (Bidco) and Afrox Healthcare Limited (Ahealth) be
approved subject to certain conditions.
Bidco comprises a BEE consortium and Medi-Clinic Corporation Limited
(Medi-Clinic). The BEE consortium comprises Brimstone Investment Corporation
Limited, Mvelaphanda Strategic Investments (Pty) Ltd (Mvelaphanda), and broad
based empowerment ...