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Botswana: Authorities reject two mergers to keep shares in citizens’ hands

By  |  January 8, 2013

Botswana’s Competition Authority has announced it has rejected two proposed mergers first applied for in 2012. According to a statement from the authority, AON Holdings Botswana has been rejected of its proposed acquisition of 25 percent of AON Botswana. Similarly, Botswana Medical Aid Society has been denied of acquiring stake in MRI Botswana. While the authority cited no concerns for hampering competition of the deals, it did cite concerns of public interest, as citizens currently own shares in AON Botswana and if the deal between the two were to be approved, it would “disempower” those citizens as the shares would be taken over by a privately owned firm. A similar situation was found in the proposed merger between the two medical firms.

 

Full Content: Mmegi Online

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