Commission prohibits acquisition of Sasol's sodium cyanide assets

The Competition Commission (the ''Commission'') has decided to prohibit the proposed intermediate merger whereby Draslovka Holding a.s., a Czech-based producer of sodium cyanide, through its local subsidiary, Draslovka (South Africa) Proprietary Limited (“SA OpCo”), intends to acquire the assets and liabilities of the sodium cyanide business including the the sodium cyanide plant of Sasol South Africa Limited (“Sasol”) (“Target Business”), as a going concern. Sodium cyanide is a poisonous ...

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