Description of Activities

Description of transaction: The proposed transaction involves the acquisition of a controlling interest by TLC SA Transportation and Logistic Consulting in TLC Namibia Proprietary Limited.

Acquiring group: The acquiring undertaking is TLC SA Transportation and Logistic Consulting, a private company incorporated in terms of the laws of Switzerland, it provides logistics services to the energy industry. The acquiring group specialises in logistic solutions in the oil & gas and other project-based industries in Africa, South America and the Caribbean. These services include personalised solutions for freight forwarding, customs brokerage, marine agency, chartering, bunkering, meet & greet and ships agency services. The acquiring group does not have any business operations in Namibia. 

Target undertaking: The target undertaking is TLC Namibia Proprietary Limited, a private company incorporated in terms of the laws of Namibia. providing services and facilities, freight forwarding and vessel agency services, as well as tailored logistics solutions to the Namibian oil & gas industry.

Relevant market: The merging parties define the relevant market as the provision of freight forwarding services, maritime shipping agency services, and vessel agency services.

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