Description of Activities

Description: The Commission resolved to approve without conditions the acquisition by Petrus Jacobus Schrader (“Scharader”) of the immovable agricultural land known as Farm Okaputa No 334 (“Okaputa”) from Okaputa (Proprietary) Limited (“Seller”), which is currently in liquidation.

Acquiring group: The primary acquiring undertaking is Petrus Jacobus Schrader, a Namibian citizen. Schrader directly owns various residential and industrial land in his personal capacity and controls Hoasas Farming Investment CC, Okaruikosonduno CC, Gernam Holdings (Proprietary) Limited, Omarassa Eberhardt (Proprietary) Limited, Mopanie Investments CC, all of which hold interests in agricultural land. Schrader also exercises joint control over BV Investments Five Hundred and Thirty Two CC , which holds interests in residential properties. The acquiring group's activities include cattle farming, the provision of auctioneering services, and property investments. 

Target undertaking: The target undertaking is Farm Okaputa No. 334, located in Otjozondjupa region, and wholly owned by Okaputa (Proprietary) Limited, which is, in turn, controlled by Ian Robert McLaren (“Final Liquidator”). Apart from the agricultural immovable property forming the subject matter of the transaction, the Seller does not own any other immovable property in Namibia, nor does it hold any shares, members’ interests, or other interests in any entity that owns agricultural land in Namibia.

Relevant market: Defined the relevant market to be the market for ownership of land zoned for agricultural use or agricultural land in Otjozondjupa Region, 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.

Mergers determination no.7 of 2026