Competition Tribunal approves Alexforbes-Sanlam deal

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The proposed transaction is unlikely to result in a substantial prevention or lessening of competition, the authority says 🔒

SA’s competition authorities have given Alexforbes the green light to acquire Sanlam’s stand-alone retirement fund administration business in a deal worth R154m that was first announced in December.

The approval by the Competition Tribunal followed conditional recommendations made by the Competition Commission earlier in August...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

 

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