Description of Activities

The Commission resolved to approve without conditions the acquisition by ORVI Investment Holdings (Proprietary) Limited of shares in Orange River Vineyards Investment (Proprietary) Limited.

The primary acquiring undertaking, ORVI Investment Holdings (Proprietary) Limited is controlled by ORVI Investment Holdings. The acquiring group has property investments and is involved in shipping, airfreight, warehousing and distribution, transport services, business administration for other companies, and providing general workshop services, including mechanical, welding, and spray painting.

The primary target undertaking, Orange River Vineyards Investment (Proprietary) Limited is currently controlled by ORVI Investment Holdings (Proprietary) Limited (“the acquirer”) and Graaff Agro Investments (Proprietary) Limited. Orange River Vineyards Investment (Proprietary) Limited operates within the table grape sector, focusing on the cultivation and export of table grapes. 

The Secretariat defined the relevant product market as the production and export of table grapes.

Merger Determination

The Commission found the proposed transaction unlikely to result in the prevention or substantial lessening of competition; does not result in any undertaking acquiring or strengthening a dominant position in the market and does not raise any public interest concerns.

However, as stated under section 50 of the Act, this approval does not relieve parties from complying with any other mandatory statutory approvals that any of the parties to this merger must comply with under Namibian Laws.