# South African Competition Tribunal prohibits Corruseal and Neopak merger

South Africa's Competition Tribunal prohibited the proposed merger between packaging companies Corruseal Group and Neopak Holdings under the Competition Act. The Competition Commission welcomed the decision on 23 February 2023.

- Type: Regulation
- Announced: 2023-02-22
- Where: South Africa
- Status: cancelled
- Products: packaging
- Sectors: [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [Corruseal Group](https://endata.com/companies/3389.md) (target)
- [Neopak Holdings](https://endata.com/companies/8667.md) (acquirer)
- [Competition Tribunal](https://endata.com/companies/10287.md) (partner)

## Sources

- [concurrences.com](https://www.concurrences.com/en/bulletin/news-issues/february-2023/the-south-african-competition-tribunal-prohibits-a-proposed-merger-between-two), 2023-02-22: "The Tribunal prohibited the implementation of the merger in terms of section 16 (2) of the Competition Act 89 of 1998 (as amended)."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.