Description of Activities

Description: The Commission resolved to approve with conditions the acquisition of the businesses currently operated by B-One Service Station and Smart Shop CC (“B-One Smart Shop”), B-One Express Rehoboth CC (“B-One Express”) located at Erf 825, Block F, Rehoboth (“Lease Premises"), and the immoveable property at Erf No. 793 Rehoboth (Portion of Erf 434), Rehoboth, Namibia (“Rehoboth 793”) by Tulongeni Holdings Proprietary Limited (“Tulongeni”) collectively from Mr. Deklen Viviers and Mrs. Juliet Viviers (“The Sellers”).  

Acquiring group: The Primary Acquiring Undertaking is Tulongeni Holdings Proprietary Limited (“Tulongeni”), a company duly incorporated in accordance with the laws of Namibia and currently owned by the Kunene Business Trust and Mr. Jakobus Hendrik Jansen van Vuuren.

The Acquiring Undertaking, Tulongeni, is involved in the retail/sale of refined petroleum products, including petrol (gasoline), diesel fuel, and engine lubricants in the specific towns of Walvis Bay, Noordoewer, Mariental, Windhoek, and Tsumeb.

Target undertaking: The first primary target undertaking is B-One Service Station and Smart Shop CC (“B-One Smart Shop”), which is a close corporation in the fuel retailing business with a convenience store, bakery, carwash, takeaway, and related activities on the side. The Second Target Undertaking is B-One Express Rehoboth CC (“B-One Express"), located at Erf 825, Block F, Rehoboth (“Lease Premises"), which is a convenience store, and the last Target Undertaking is an immovable property at Erf No. 793 Rehoboth (Portion of Erf 434), Rehoboth, Namibia (“Rehoboth 793”).

Relevant market: Defined as the market for the retail sale of refined petroleum products, including petrol (gasoline), diesel fuel, and engine lubricants, together with all related and ancillary forecourt activities, including on-site convenience stores/quick shops in Rehoboth.

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. However, the merger did raise public interest concerns; thus, the Commission approved the merger subject to employment protection conditions.