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Competition Commission Update

Published: 2022-05-20 08:05:47 ET
<<<  go to JSE:MSM company page
Massmart Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration Number: 1940/014066/06)
Share code: MSM
ISIN: ZAE000152617
(‘Massmart’ or ‘the Company’)


COMPETITION COMMISSION UPDATE


Further to the announcement released on SENS on 20 August 2021 where the Company advised of the
divestiture of the Cambridge Food, Rhino and Massfresh assets, as well as selected Masscash, Cash and
Carry assets (‘the Transaction”), the Competition Commission has recommended that the Competition
Tribunal approve the Transaction subject to conditions to be imposed on both the merging parties.


20 May 2022

Johannesburg

Sponsor
J.P. Morgan Equities South Africa (Pty) Ltd