Namibian Competition Commission blocks West China Cement's acquisition of Schwenk Namibia

The Namibian Competition Commission prohibited the NAD1.5 billion (US$86.67 million) acquisition of Schwenk Namibia, which owns 69.8% of Ohorongo Cement, by West China Cement, citing coordination concerns with Whale Rock Cement.

“The Namibian Competition Commission [has] made a decision to prohibit the acquisition of Schwenk Namibia (Pty) Ltd by West China Ltd due to the fact that it would result in coordination between Ohorongo Cement (Pty) Ltd and Whale Rock Cement.”cemnet.com

• 1 source
• cemnet.comOhorongo Cement sale blocked by competition commissionAug 5, 2020

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