Description of Activities

Description: The Commission resolved to approve with conditions the acquisition by Alma Terra Mater Investments Namibia (Pty) Ltd. and CJ Investment Number One Hundred and Twenty Close Corporation of the member's interest in Toshari Lodge Close Corporation.

The acquiring group: The acquiring group operates in the tourism sector, operating lodges and a hotel.

Target undertaking: The target undertaking operates in the tourism sector, operating a lodge.

Relevant market: The Secretariat defined the product market as the provision of accommodation, meals, drinks, and entertainment such as game drives to tourists.

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.