Description of Activities

Description of transaction: The Commission resolved to approve with conditions the acquisition by N/a‘an ku sê Foundation of the entire issued shares in Omatarassu (Pty) Ltd. 

Acquiring group: N/a‘an ku sê Foundation, the primary acquiring undertaking, is involved in wildlife, nature, and culture conservation and the provision of short-term accommodation. 

Target undertaking: Omatassu (Pty) Ltd the primary target undertaking is involved in farming and related services.

Relevant market: The Secretariat looking at the activities of the merging parties defined the product market as the ownership of agricultural commercial land.

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. However, the proposed merger did raise public interest concerns, especially employment concerns. Thus, the Secretariat approved the merger with employment conditions.

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.