Description of Activities

Description: The Commission resolved to approve without conditions the acquisition by Agra Limited of shares in Bessemer Street Property CC.

The acquiring group: The acquiring group is involved in the provision of agricultural, renting, consulting and auction services as well the selling of agricultural, pet, weaponry, and household goods.

Target undertaking: The target undertaking is a property-owning property involved in the renting out of the property it owns.

Relevant market: The Secretariat defined the relevent market as the ownership of immovable property zoned business in Windhoek Namibia. 

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.