A PYMNTS Company

Competition Commission blocks Sunset Bay-Jobling copper merger

By  |  February 15, 2012

The South African Competition Commission has blocked Sunset Bay Trading 368’s acquisition of Jobling Investments. Sunset Bay controls Copalcor, which distributes metals and semi-finished products; Jobling is the holding company of Maksal Tubes, which manufactures copper products. The merger was prohibited because the Commission found that it would increase concentration in the distribution of copper products, in a market where the merged entity would be the largest firm. Furthermore, the barriers to enter the distribution market would be entrenched by the vertical integration created by the merger, as access to the copper products is likely to be denied to rivals.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    Subscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Source: Moneyweb

    We’d love to be your preferred source for news.

    Please add us to your preferred sources list so our news, data and interviews show up in your feed. Thanks!

    Add as Preferred Source