The Namibian Competition Commission conditionally approves the acquisition of a gold mine (Guinea Fowl Investments Twenty Six / Navachab)

Namibian merger control: 1st deal of 2014 gets conditions* Namibian Competition Commission imposes conditions on mining deal The Namibian Competition Commission has given its first conditional approval of the year in a gold-mine transaction, imposing employment conditions that require the purchaser not to lay off any employees for a minimum of two years from the date of sale. Unemployment concerns drive antitrust ruling The Commission stated, per reporting on AllAfrica.com, that there were no reasons to block the deal on a lessening-of-competition grounds under section 47 of the Competition Act, but that it was “concerned about the effect of the sale on employment, hence the imposition of the above condition.” AAT reported last year on the revision of the Namibian competition law

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Andreas Stargard, The Namibian Competition Commission conditionally approves the acquisition of a gold mine (Guinea Fowl Investments Twenty Six / Navachab), 9 June 2014, e-Competitions Bulletin June 2014, Art. N° 67174

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