South African Competition Tribunal prohibits Corruseal-Neopak merger

South Africa's Competition Tribunal prohibited the proposed intermediate merger between Corruseal Group and Neopak Holdings, a decision reported on March 2, 2023 and issued the day before. The Commission said the merger would increase concentration in an already highly concentrated recycled containerboard market.

“The Tribunal prohibited the implementation of the merger in terms of section 16 (2) of the Competition Act 89 of 1998 (as amended).”golegal.co.za

• 1 source
• golegal.co.zaCompetition Tribunal prohibits merger between Corruseal and NeopakMar 2, 2023

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