Tribunal approves AECI’s R2.27bn buyout of Much Asphalt
3rd April 2018
By: Simone Liedtke
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AECI announced in October 2017 that it would acquire Much Asphalt for R2.27-billion.
The approval followed the Competition Commission’s recommendation that the transaction be approved without conditions, despite AECI subsidiaries supplying caustic soda and fluxing agents to Much Asphalt’s subsidiaries.
The commission found that the transaction would not raise any competition concerns, nor would it negatively affect public interests.
Edited by: Chanel de Bruyn
Creamer Media Senior Deputy Editor Online