Sana Partners gets approval to invest in wine waste company Brenn-O-Kem

SOUTH AFRICA – Sana Partners Fund I, a private equity fund has gotten the approval by the Competition Commission of South Africa to acquire Brenn-O-Kem, a company that adds value to wine waste.  The Commission found that the proposed transaction is unlikely to result in a substantial prevention or lessening of competition in any relevant markets. The Commission further found that the proposed transaction does not raise any public interest concerns.  Brenn-O-Kem was established in 1968 and is active in the manufacture and supply of natural value-added products made from…

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Competition authority approves Menengai Group’s bid to acquire beverage company Aquamist

KENYA – The Competition Authority of Kenya (CAK) has approved the proposed takeover bid that will see consumer goods Menengai Group acquire full owenership of water and beverage company Aquamist. Under the transaction, Menengai will acquire the entire issued share capital of Aquamist through Aquapani Limited. “Premised on the fact that the transaction is unlikely to raise negative competition or public interest concerns, the Authority approved the proposed acquisition of 100 percent of the issued shares in Aquamist Limited by Aquapani Limited,” CAK said in a statement. According to a…

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South Africa’s Competition Commission nods Glencore’s Chevron merger

SOUTH AFRICA – The Competition Commission of South Africa has recommended that the Competition Tribunal conditionally approve Glencore’s proposed acquisition of the Chevron SA assets. However, the commission highlighted that the proposed transaction had raised public-interest concerns and hence has recommended its approval subject to a number of conditions, Business Daily reports. As part of the conditions, the commission recommends that there be no retrenchments of Chevron SA workforce as a result of the merger. Additionally, Glencore, a global resources company, should also ensure that Chevron SA’s head office remains…

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