Description of Activities

Description of transaction: The proposed transaction involves the acquisition by Susanna Margareta van Wyk, Barend Wynand Grobler, and Johannes Jakobus van Wyk of controlling members’ interest in Hospitality Textile Supplies Close Corporation from Cacilia von Kunow.

Acquiring group: The acquiring group consists of three natural persons, namely: Susanna Margareta van Wyk, Barend Wynand Grobler, and Johannes Jakobus van Wyk. All three acquirers are South African citizens and do not conduct any commercial operations and provide no goods or services in, into, or from Namibia. On the balance, the acquiring group is involved in the business of agriculture—crop and poultry farming and agricultural consulting.  

Target undertaking: The primary target undertaking, Hospitality Textile Supplies Close Corporation, a company incorporated in terms of the laws of Namibia. The business activities are the supply of textiles, amenities, table, bedroom and bathroom linen, towelling products, furniture, laundry equipment, restaurant equipment and consumables generally used in the hospitality industry. In addition, it supplies hospitals bedroom and bathroom linen and towelling products.

Relevant market: The merging parties submit that the relevant markets to be:

1. The supply of hospitality textiles (including bedroom and bathroom);

2. The supply of hospitality furniture and furnishings (including décor and accessories);

3. The supply of hospitality service equipment (including catering, restaurant, crockery and cutlery); and

4. The supply of customized and branded products.

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