Description of Activities

Description of transaction: The proposed transaction firstly involves the acquisition by Harshadkumar Patel of the minority shareholding in Swami Properties (Pty) Ltd. Secondly, and in a subsequent consequent donation transaction, Harshadkumar Patel intends to transfer his total shareholding acquired from Swami Properties (Pty) Ltd and his sole shareholding in Winelwo Investments to Botsnar LLC.

Acquiring group: The first primary acquiring undertaking is Mr Harshadkumar Patel,  a natural person, resident in the Republic of Botswana. The second primary acquiring undertaking is  Botsnar LLC, with Registration number L25000073380, a company incorporated and registered under the laws of Florida. The acquiring group is active in the business of automotive spare parts trading and the ownership and leasing of residential property for rental income.

Target undertaking: The first primary target undertaking is Swami Properties (Pty) Ltd, a Namibian incorporated undertaking with registration number 2008/007. The second primary target undertaking is Winelwo Investments (Pty) Ltd, a Namibian incorporated undertaking with registration number 71/09194. The target undertakings are active in the business of automotive spare parts trading and the ownership and leasing of residential property for rental income.

Relevant market: The merging parties do not explicitly define the market, but submit market data for the automotive parts and components, and land ownership markets

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