Description of Activities

Description of transaction: The Commission resolved to approve without conditions the acquisition by Avon International Limited acquiring of the entire issued share capital in Natura & Co UK Holding Limited.

Acquiring group: The acquiring group is involved in the manufacturing and marketing of beauty and personal care products. 

Target undertaking: The primary target undertaking is involved in the manufacturing and marketing of beauty and personal care products.

Relevant market: Defined as the market for the supply of beauty and personal care products in Namibia.

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.