The Competition Tribunal has unconditionally approved the Motus Group’s acquisition of the North Motor Group’s Kia Bryanston and Honda Sandton motor dealerships. The Tribunal has concluded that the transaction does not substantially prevent or lessen competition in any relevant market. Further, the merging parties made an unequivocal undertaking that there shall be no retrenchments as a result of the transaction and that the employees of the dealerships will be transferred to Motus Group in line with the Labour Relations Act. The transaction does not raise any other public interest concerns, says the Tribunal.
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