Description of Activities

Description: The Commission resolved to approve without conditions the acquisition of the share capital in Alpine Asset Management Limited by the Sampol Trust and the acquisition of the issued share capital in Aurios Holdings (Luxembourg) by Antoinette Tollman.

Both the acquiring group and the target undertakings are active in the travel and tourism industries in Namibia providing coach charter and transport services for tour operators, corporate clients and government entities through Springbok Tours while providing guided tours throughout Namibia through Cullinan Namibia. 

Relevant market: Defined as the market for the supply of coach charter and transport services and the market for the provision of guided tours throughout 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.