Description of Activities

Description: The Commission resolved to approve without conditions the acquisition by Alberto Mostert Investment Holdings (Pty) Ltd of shares in Steel and Industrial Supplies (Pty) Ltd.

The acquiring group: The acquiring group owns and operates commercial and residential properties. Further, it sells reinforcing (bars and mesh) products for the construction industry.

Target undertaking: The target undertaking trades (buys and sells) in steel and related consumable products.

Relevant market: The Secretariat, looking at the merging parties’ activities, defined the upstream market as the market for the supply of unprocessed consumable steel products and the downstream market as the market for retail sales of steel products along with cutting and bending services.

Merger Determination

The Commission found the proposed transaction unlikely to result in the prevention or substantial lessening of competition or result in any undertaking to acquire or strengthen a dominant position in the market and did not raise any public interest concerns.

However, as stated under section 50 of the Act, this approval does not relieve parties from complying with any other mandatory statutory approvals that any of the parties to this merger must comply with under Namibian laws.