Description of Activities

Description of transaction: The proposed transaction concerns a combined sale and swap of members interest involving two family-owned Namibian close corporations, namely Rix Transport Close Corporation (“Rix Transport”) and Sanga Tours and Safaris Close Corporation (“Sanga Tours”). The effect of the sale and swap of members interest involved Lionel Rix (“Lionel”) will transfer his members interest in Rix Transport to Jean Venter (“Jean”); and Jean and Nikita Rix (“Nikita”) will transfer their combined members’ interest in Sanga Tours to Lionel. 

Acquiring group: The primary acquiring undertakings are Jean and Lionel, which are Namibian natural persons. The Other than their respective members’ interests in Rix Transport and Sanga Tours neither Jean nor Lionel does not hold any direct ownership or control in any other undertaking in Namibia. Their activities are therefore limited exclusively to their role as members of Rix Transport and Sanga Tours.

Target undertaking: The first primary target undertaking is Rix Transport is a Namibian close corporation engaged in the provision of cross-border and domestic freight-transport services. Its operations include cross-border transport between Namibia and South Africa; overnight linehaul services; consolidated freight movements; dedicated vehicle services for specific clients or routes; rigid Interlink Body movements; and limited local distribution and warehousing activities.

The second primary target undertaking is Sanga Tours is a Namibian close corporation providing guided-tour and passenger-transport services, including both scheduled and customized transport offerings. Its service portfolio is structured around four principal vehicle-based product categories: 9-seater Land Cruiser safari tours; 14-seater 4×4 overland tours; 18-seater Hino group-transport services; and 13-seater Hino guided tours and transfers.

Relevant market: The merging parties defined the relevant product market for Rix Transport as the provision of cross-border and domestic road freight transport services, including consolidated freight, overnight linehaul, dedicated vehicles and related logistics services, which are readily substitutable with services supplied by numerous other transport operators. Further, for Sanga Tours, the relevant product market is the provision of guided-tour and passenger-transport services, including safari-ready 4x4 tours and mid-size group transport, which are substitutable with services offered by various other tourism transport operators in Namibia.

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