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NaCC determines 52 mergers and acquisitions, seeks summoning powers
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NaCC determines 52 mergers and acquisitions, seeks summoning powers

The Namibian Competition Commission (NaCC) which has determined  52 mergers and acquisitions in 2023, says it is pushing for enhanced investigative powers through the introduction of summoning authority in its arsenal. The Director of Enforcement and Cartels Division at NaCC, Paulus Hangula, told The Brief that the existing legislation grants summoning power only for investigations...

Competition commission approves major fuel, cement mergers
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Competition commission approves major fuel, cement mergers

This, however, comes with conditions to address competition concerns and potential negative impacts on employment. The first merger involves the company Vitol Emerald Bidco (VEB) acquiring 74% of Engen Limited, granting VEB sole control. VEB is part of the Vitol Group and specialises in energy marketing and trading, dealing primarily in crude oil, petroleum products...