9By Nyasha ChumaHARARE – Zimbabwe’s Competition and Tariff Commission (CTC) has launched an investigation into the proposed acquisition of a 100% shareholding in major bakery group Lobels Holdings (Private) Limited by fast-moving consumer goods (FMCG) manufacturer Mega Market (Private) Limited, citing potential antitrust and monopoly concerns.According to a notice published in the Government Gazette dated July 24, the statutory regulator initiated the probe under section 28 of the Competition Act [Chapter 14:28] to evaluate the transactional impact on market dynamics.”It is hereby notified, that the Competition and Tariff Commission, in terms of section 28 of the Competition Act [Chapter 14:28], has commenced an investigation into the proposed acquisition of one hundred per centum (100%) shareholding in Lobels Holdings (Private) Limited (‘Lobels’) by Mega Market (Private) Limited (‘Mega Market’),” the notice reads.The buyout has drawn regulatory attention due to significant potential vertical integration across Zimbabwe’s grain and baking supply chain. Mega Market, a prominent manufacturer and distributor of fast-moving consumer goods, wholly owns Mega Market Milling (Private) Limited—a major wheat and maize milling entity. Lobels operates as one of the country’s leading commercial bakers and distributors of bread and confectionery products.The regulator stated that a primary focus of the inquiry is assessing whether combining a primary wheat miller with a major commercial bakery will distort broader market conditions.
As detailed in the Gazette, the Commission wants to ascertain:”…whether the proposed merger is likely to substantially lessen the degree of competition in Zimbabwe or any substantial part of it; or is likely to result in the creation of a monopoly situation which is or will be contrary to public interest as provided in s32(4) of the Act.”The investigation will evaluate the operational standing of both entities and competing market players prior to the deal, while projecting market performance should the transaction receive regulatory approval.CTC Director E. Ruparanganda has called on industry stakeholders, competitors, and the public to submit written representations detailing the anticipated impact of the merger by July 31.LobelsholdingsMegamarket HARARE – Zimbabwe’s Competition and Tariff Commission (CTC) has launched an investigation into the proposed acquisition of a 100% shareholding in major bakery group Lobels Holdings (Private) Limited by fast-moving consumer goods (FMCG) manufacturer Mega Market (Private) Limited, citing potential antitrust and monopoly concerns.According to a notice published in the Government Gazette dated July 24, the statutory regulator initiated the probe under section 28 of the Competition Act [Chapter 14:28] to evaluate the transactional impact on market dynamics.”It is hereby notified, that the Competition and Tariff Commission, in terms of section 28 of the Competition Act [Chapter 14:28], has commenced an investigation into the proposed acquisition of one hundred per centum (100%) shareholding in Lobels Holdings (Private) Limited (‘Lobels’) by Mega Market (Private) Limited (‘Mega Market’),” the notice reads.The buyout has drawn regulatory attention due to significant potential vertical integration across Zimbabwe’s grain and baking supply chain. Ruparanganda has called on industry stakeholders, competitors, and the public to submit written representations detailing the anticipated impact of the merger by July 31. previous postKahiki sparks Gem boys revival as Mavhurume strikes to keep survival dreams flickeringnext postWillowgate Scandal implicated minister Frederick Shava, colleague narrowly avoid jail over diverted Welfare Fund previous postKahiki sparks Gem boys revival as Mavhurume strikes to keep survival dreams flickering Kahiki sparks Gem boys revival as Mavhurume strikes to keep survival dreams flickering next postWillowgate Scandal implicated minister Frederick Shava, colleague narrowly avoid jail over diverted Welfare Fund Willowgate Scandal implicated minister Frederick Shava, colleague narrowly avoid jail over diverted Welfare Fund
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