Competition authorities have approved Sandton Capital’s acquisition of a controlling stake in a mid-sized logistics operator, subject to conditions, according to a notice published this week.
The conditions include a moratorium on retrenchments for three years and a supplier development commitment, the notice said. Sandton Capital said it had accepted the conditions in full.
According to the filing, the transaction is expected to close before the end of the quarter, subject to remaining regulatory approvals.
