The Tribunal has conditionally approved the large merger wherein CFAO Holdings South Africa (Pty) Ltd (“CFAO”) intends to acquire EIE Group (Pty) Ltd (“EIE Group”). Post-merger, CFAO will have sole control of EIE Group. The transaction has been approved with conditions relating to, among others, the implementation of a HDP Transaction, in terms of which historically disadvantaged persons (“HDPs”) will acquire shareholding in EIE Group. The CFAO group is involved in the retailing of new and .
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