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Outcome of mergers decided by the Tribunal

ETG Chem FZE LLC And Cure-Chem South Africa (Pty) Ltd The Tribunal has conditionally approved the merger wherein ETG Chem FZE LLC (“ETG”) intends to acquire Cure-Chem South Africa (Pty) Ltd (“Cure-Chem”). Post-merger, Cure-Chem will be a wholly owned subsidiary of ETG.   The merger has been approved subject to conditions involving the acquiring group increasing its expenditure towards existing public interest initiatives.   The acquiring group is active in the markets for the supply of agricultural products and commodity trading as well as the market for the manufacturing and distribution of granular fertilizer and liquid fertilizer in South Africa.   Cure-Chem is an importer and distributor of raw chemicals that are supplied as inputs for the manufacture of detergents and paint.   A full press release will be issued in due course.    ....

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