Zimbabwe's CTC approved Matumi Energy's 70% acquisition of Rockodox, finding no issues with competition or monopoly concerns.
Zimbabwe's Competition and Tariff Commission (CTC) approved Matumi Energy's acquisition of a 70% stake in Rockodox, a fuel firm. The deal was assessed for potential harm from vertical and horizontal mergers, but CTC found no issues with input or customer foreclosure, and the merged entity won't harm competition or create a monopoly. The merged company, a subsidiary of Trans African Oil, will continue operating in an unconcentrated market.
August 19, 2024
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