Description of Activities

Description: The Commission resolved to approve without conditions the acquisition by Wernhil Park (Pty) Ltd (“Wernhil Park”) of sole ownership and control over Erf 3544, Klein Windhoek, Windhoek, together with the associated letting business from the current owners.

Acquiring group: The Primary Acquirer, Wernhil Park, is a company registered in Namibia, with its registered office at 7th Floor, South Block C, Alexander Forbes Building, 23-33 Fidel Castro Street, Windhoek. Wernhil Park is a wholly owned subsidiary of Ohlthaver & List Finance and Trading Corporation Ltd (Olfitra), the holding entity of the O&L group of companies (collectively referred to as the Acquiring Group). Wernhil Park owns immovable properties. O&L Group of companies holds various business interests in different industries in Namibia, including but not limited to retail, foodstuffs manufacturing, hospitality and tourism, property investment, and renewable energy. 

Target undertaking: The primary target undertaking comprises the immovable property situated at Erf 3544, Klein Windhoek, Windhoek, which property is being let to third parties (tenants). 

Relevant market: Defined the relevant market as the market for immovable property zoned as “special” in the municipal area of Windhoek.

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.

Furthermore, as per section 50 of the Act, these approvals do not relieve parties from complying with any other mandatory statutory approvals that any of the parties to the merger must comply with under Namibian laws. 

Merger Determination No.1 of 2026__