Beijer Ref’s acquisition of Tecsa is approved by the competition authority in South Africa
On 16 October 2017, Beijer Ref announced a binding agreement to acquire Tecsa (Pty) Ltd, owned by Westbrooke Investment. After that, the competition authority in South Africa (CompCom SA) has assessed the deal. The authority has now given its final approval, confirming that the acquisition will not affect the competitive situation in the South African refrigeration market. Their decision specifies, among other, that two branches in Polokwane and Rustenburg in South Africa must be divested. The parties agree and approve of the authority’s decision. The competition authorities in Botswana