A PYMNTS Company

NaCC gives provisional approval for ship repair/engineering merger

By  |  July 24, 2012
NaCC gives provisional approval for ship repair/engineering merger

The Namibian Competition Commission (NaCC) has provisionally approved a merger between South African companies DCD-Dorbyl and Elgin Brown and Hamer Group Holdings (EBH), who has interest in Namibia. Provisions of the approval include that Namport commit itself to make space available both in water and on land in the port of Walvis Bay by the end of 2014 for the construction and operation of an additional floating dock facility for ship and/or rig repairs by an undertaking other than the merging parties. Additional provisions include that no job losses may occur for the two years following the transaction.

    Get the Full Story

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

    yesSubscribe 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.

    Full content: All Africa

     

    Related content: South African Merger Thresholds Increased

     

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.