Case No: 2024NOV0062MER - Mergers & Acquisitions | Namibian Competition Commission

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Case No: 2024NOV0062MER

Acquiring Undertaking: Denton Investments (Pty) Ltd Date Received: Wednesday, 06 Nov 2024
Target Undertaking: Omeya Golf and Residential Oasis (Pty) Ltd Determination: Wednesday, 18 Dec 2024
Type of Merger: Conglomerate Analyst: -

Description of Activities

Description of transaction: The Commission resolved to approve with conditions the acquisition by Denton Investments (Pty) Ltd of the share capital in Omeya Golf and Residential Oasis (Pty) Ltd. 

Acquiring group: The acquiring group owns immovable properties.

Target undertaking: The primary target undertaking, Omeya Golf and Residential Oasis (Pty) Ltd is involved in the development and sale of residential and commercial property. 

Relevant market: The Secretariat looking at the activities of the merging parties defined the product market as the market for the development and sale of residential and commercial property.


Merger Determination

The Commission found the proposed transaction unlikely to result in the prevention or substantial lessening of competition or result in any undertaking to acquire or strengthen a dominant position in the market and did 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.



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