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The Tribunal has unconditionally approved the large merger whereby Shoprite Checkers (Pty) Ltd (“Shoprite”) intends to acquire shares in Main Street 1883 (Pty) Ltd (“Main Street”). Post-merger, Shoprite and RTT Group (Pty) Ltd will jointly control Main Street. The acquiring group retails and distributes a wide range of fast-moving consumer goods through its various stores and supermarkets across South Africa. The products include groceries, food, household, health, beauty, lifestyle consumer .
The Tribunal is scheduled to hear submissions in relation to the large merger wherein Shoprite Checkers (Pty) Ltd (“Shoprite”) intends to acquire multiple registered trademarks owned by Mr. Basil Synodinos which are used in conducting his retail grocery and general merchandise activities (the “Trademarks”). Should the merger be approved, Shoprite will own the Trademarks which the President Outlets use in conducting their retail grocery operations and accordingly, the President Outlets will be .