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Is it really in 'public interest' to tell black owners they can't sell to non-blacks?


9:05 am
Ina Opperman
It is the first time in 20 years that a merger may be prohibited on the grounds of public interest only.
Picture: iStock
The move by the Competition Commission to formally block the sale of Burger King and Grand Foods meat plant to Pan-African private equity firm Emerging Capital Partners (ECP) because “the proposed merger cannot be justified on substantial public interest grounds”, is bad news for investment.
The commission recommended the Competition Tribunal prohibits the sale because the merger would significantly reduce the shareholding of historically disadvantaged persons (HDP) from more than 68% to 0%.
Ground-breaking recommendation
This “ground-breaking recommendation”, to prohibit the proposed sale by Grand Parade Investments of its investment in Burger King SA to a US private ....

South Africa , Robert Wilson , Sthembile Nkabinde , Webber Wentzel , Competition Commission , Equity Association Savca , Burger King , Grand Foods , Emerging Capital Partners , Competition Tribunal , Grand Parade Investments , Parade Investments , Grand Parade Investment , Southern African Venture Capital , Private Equity Association , ராபர்ட் வில்சன் , வெபர் வேண்டிஜேல் , போட்டி தரகு , பர்கர் கிங் , மாபெரும் உணவுகள் , வளர்ந்து வருகிறது மூலதனம் கூட்டாளர்கள் , போட்டி தீர்ப்பாயம் , மாபெரும் அணிவகுப்பு முதலீடுகள் , அணிவகுப்பு முதலீடுகள் , மாபெரும் அணிவகுப்பு முதலீடு , ப்ரைவேட் பங்கு சங்கம் ,

OPINION | Burger King - making a meal of public interest


A ground-breaking recommendation by the Competition Commission to the Competition Tribunal to prohibit the proposed
sale by Grand Parade Investments Limited of its investment in Burger King SA to a US private equity firm could have far-reaching a far-reaching impact onr
the future of M&A transactions in South Africa, say Robert Wilson and Shawn van der Meulen.
On 1 June 2021, the Competition Commission
recommended that the transaction whereby ECP Africa, a private equity fund,
proposed to acquire Burger King South Africa and Grand Foods Meat Plant from GPI be prohibited. The Commission found that the merger
would significantly reduce the shareholding of historically disadvantaged ....

South Africa , Robert Wilson , Tamara Paremoer , Tembinkosi Bonakele , Shell Sa Tepco Petroleum , Competition Commission , Burger King , Parade Investments , Competition Tribunal , Grand Parade Investments Limited , Burger King South Africa , Grand Foods Meat Plant , Competition Act , Competition Commissioner , Tepco Petroleum , Grand Parade Investment , ராபர்ட் வில்சன் , போட்டி தரகு , பர்கர் கிங் , அணிவகுப்பு முதலீடுகள் , போட்டி தீர்ப்பாயம் , மாபெரும் அணிவகுப்பு முதலீடுகள் வரையறுக்கப்பட்டவை , மாபெரும் உணவுகள் இறைச்சி ஆலை , போட்டி நாடகம் , போட்டி ஆணையர் , மாபெரும் அணிவகுப்பு முதலீடு ,