Description of Activities

Description of transaction: The Commission resolved to approve without conditions the acquisition by Universal Commodity Company Limited ("Universal Commodity"), a Mauritian-incorporated entity, of the membership interest and claims in Western Trading Post CC (“Western Trading”).

Acquiring group: The primary acquiring undertaking is Universal Commodity Company Limited, a company incorporated and registered under the laws of Mauritius, with subsidiaries in Mozambique and Zambia. Universal Commodity Company Limited has no business activity or assets within Namibia. The Acquiring Group is engaged in global supply chain management and trading of automotive, trucking, yellow equipment, power generation products, and accessories in the territories of Mozambique and Zambia.

Target undertaking: The target undertaking, Western Trading Post CC ("Western Trading"), is a company incorporated in Namibia. It is involved in investment activities, such as investing in properties, shares, and other securities.

Relevant market: Defined as the market for truck and trailer spares, which falls under the broader aftermarket for automotive and heavy vehicle parts 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.