The Zambian Competition Authority finalizes guidelines for merger regulations

Zambian Competition Authorities finalise guidelines for new merger regulations* The Competition and Consumer Protection Commission (“CCPC”) recently published the CCPC Guidelines for Merger Regulations 2015 (the “Guidelines”). The Guidelines are binding on all “persons” regulated under the Competition and Consumer Protection Act, No 24 of 2010 (the “Act”) insofar as the provisions of the Guidelines are not “inimical” to the Act. An extensive definition of what constitutes a “merger” In terms of the Act, a merger is defined as “a transaction between two or more independent parties which results in one party acquiring an interest in the other party”. [1] An “interest” may be acquired through the acquisition of shares, assets or through an agreement such as a joint venture. The