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South Africa: Tribunal side-steps Commission, approves CMC merger

By  |  November 9, 2012
South Africa: Tribunal side-steps Commission, approves CMC merger

The South African Competition Tribunal has approved of a merger between Cellulose Derivatives and Senmin, a deal twice-blocked by the Competition Commission. The Competition Tribunal, expectedly, ordered conditions to be met so as to not reduce competition in the CMC (carboxymethylcellulose) sector. The Competition Commission denied the deal first at the end of 2011 and again in January of 2011. CMC is used mainly in platinum mines for the extraction of minerals. Senmin is CMC’s biggest distributor.

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