The South African Competition Appeal Court upholds Competition Tribunal’s conditional clearance of a retail market acquisition (Walmart / Massmart)

On 9 March 2012, the South African Competition Appeal Court upheld the Competition Tribunal’s decision to clear the Walmart/Massmart merger conditioned to several obligations that consider public interest needs. The South African Court concluded, after several months of dispute and business uncertainty, that the evidence did not justify the conclusion that the public interest considerations raised by the Government would trump the benefits that the merger will bring about. Walmart, the largest worldwide retailer, decided to enter the African markets by acquiring Massmart, a wholesaler and a retailer of grocery products, liquor and general merchandise

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  • Computer and Communications Industry Association (CCIA) (Washington D.C.)

Quotation

Marianela López-Galdos, The South African Competition Appeal Court upholds Competition Tribunal’s conditional clearance of a retail market acquisition (Walmart / Massmart), 9 March 2012, e-Competitions March 2012, Art. N° 44486

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