Description of Activities

Description of transaction: The Commission resolved to approve without conditions the acquisition by Frans Indongo Investment Trust of the portion of the immovable property in question: Portion 6 of the Farm Otjiwarongo Townlands, Number 18, Otjiwarongo, Namibia (“target property”). 

Acquiring group: The acquiring group is involved in an array of businesses, including property holding, food manufacturing, fishing quota holding, ownership of immovable property, and transport and logistics services specializing in the transport of grain and related products. 

Target undertaking: The target property is owned by Otjiwarongo Truck Port CC, which operates a fuel service station and kiosk. A portion of the target property is already occupied and leased by Frans Indongo Investment Trust indirectly.

Relevant market: The Secretariat defined the relevant product market as the sale of immovable property zoned as “special” and used for commercial purposes and geographically located within the Otjiwarongo district. 

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. The transaction will have no effect on the current existing competitive conditions, and the current status quo with regard to the relevant market and the respective market segments in the geographic area shall remain unaffected by the implementation of the proposed transaction.