Tribunal approves Blue Falcon, John Craig merger: 422 jobs saved
Search Polity
Note: Search is limited to the most recent 250 articles. To access earlier articles, click Advanced Search and set an earlier date range.
To search for a term containing the & symbol, click Advanced Search and use the search headings and/or in first paragraph options.
With.
Clear Search
Sponsored by
Sponsored by 11th February 2021
422 jobs will be saved as a result of the large merger whereby Blue Falcon 188 Trading (Pty) Ltd (“Blue Falcon”) will acquire certain portions and assets of the “John Craig” Business, a Division of Pepkor Speciality (Pty) Ltd (“the transferring business”).
Commission recommends transaction by Blue Falcon to acquire Target
By Sandile Mchunu
Share
DURBAN - THE COMPETITION Commission yesterday put a recommendation to the Competition Tribunal to conditionally approve the proposed transaction whereby Blue Falcon intends to acquire the Target Business.
The commission said the transaction was unlikely to result in a substantial prevention or lessening of competition in any relevant markets. However, the commission recommended that the proposed transaction be approved with certain conditions attached to remedy public interest concerns likely to arise from the merger.
“Blue Falcon shall not retrench any employees in South Africa as a result of the merger for a period of 24 months from the implementation date,” the commission said.
Wagga Wagga Meals on Wheels has recognised the contribution of council staff who volunteered to assist the organisation in the early days of the COVID-19.
Shooter who killed bystander outside Roanoke bar sentenced to serve 18 years roanoke.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from roanoke.com Daily Mail and Mail on Sunday newspapers.