Description of Activities

The Commission resolved to approve without conditions the acquisition by Vortex Holdings Namibia (Pty) Ltd (“Vortex”) of the entire shareholding in Japonica Investments Nineteen (Pty) Ltd (“Japonica”).

The primary acquiring undertaking, Vortex is an investment company with investments in a to-be-established beef abattoir, trace lab testing/ laboratory services, an Affordable Housing Project in Swakopmund, building Supplies and a chicken hatchery.  

The primary target undertaking, Japonica is a property holding entity that owns two farms situated in the Omeya area. 

The Secretariat defined the market as the market for the ownership of undeveloped land for Township Development. 

Merger Determination

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