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High Court dismisses Ngwane Mills’ application to stay Competition Commission’s bakery merger approval

By  |  February 12, 2012
High Court dismisses Ngwane Mills’ application to stay Competition Commission’s bakery merger approval

The High Court has dismissed Ngwane Mills’ application to stay the Competition Commission’s conditional approval of a merger between Premier Swazi Bakeries, Swaziland United Bakeries, and Sinkhwa SeMaswati Limited. The court found that Ngwane Mills lacked standing to seek a stay of the merger or to appeal it because Ngwane Mills was not a party to the merger proceedings. For Ngwane Mills to have become a party to the merger proceedings, the proper procedure would have been to file a complaint pursuant to Regulation 12(2) of the Competition Commission Regulation.

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    Source: The Swazi Observer