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South Africa: Tsogo Sun acquisitions blocked by competition commission

By  |  January 29, 2015

South Africa’s top gaming and hotel firm Tsogo Sun Holdings plans to challenge a decision by the competition watchdog to block its acquisition of stakes in units owned by the Sun International hotel group.

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    The Competition Commission said on Thursday it had ruled against the transaction on the grounds that it could prevent competition in the gaming and hotel market due to the likelihood of coordination between the merging parties.

    Tsogo Sun said in May last year it would acquire Sun International’s stakes in SunWest International and Worcester Casino for $181.8 million, subject to a green light from the Tribunal.

    The final decision rests with the Competition Tribunal, which takes recommendations from the commission but has in the past overturned decisions by its sister watchdog body.

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