Description of Activities

The Commission resolved to approve without conditions the acquisition by AIIH Limited of additional shares in Joseph Investment Holdings.

The acquiring group is a plastic recycler and manufacturer of rigid plastic containers.

The target undertaking generates revenue from Namibia through the sales of agricultural equipment, milling, and animal feed.

Relevant market: The Secretariat, looking at the type of merger, concluded that it is not necessary to definitively conclude on the relevant product market definition since there are no overlaps or vertical integration between the merging parties’ activities. However, for analysis, the Secretariat looked at the broader market definition to be the sales of agricultural equipment, milling, animal feed, and rigid plastic containers in Namibia. 

Merger Determination

The Commission found the proposed transaction unlikely to result in the prevention or substantial lessening of competition; it does not result in any undertaking acquiring or strengthening a dominant position in the market and does not raise any public interest concerns.