South Africa: Masscash Gets Nod to Acquire Finro

Johannesburg — THE Competition Tribunal has rejected a recommendation from the Competition Commission against the proposed merger between Masscash Holdings and family-owned grocery wholesaler Finro, and said it should go ahead without any conditions.

The commission had argued before the tribunal last month that the merger be prohibited because it would lessen competition between Weirs, which also forms part of Masscash, and Finro in the Port Elizabeth region.

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