Description of Activities

Description of transaction: The proposed transaction concerns a move from joint to sole control through a share acquisition, in that Udo Manfred Stritter, who currently hold shares in Namibia Estate Enterprises (Pty) Ltd, intends on acquiring the remainder of the issued shares in Namibia Estate Enterprises (Pty) Ltd. Following the implementation of the transaction, the acquire will become the sole shareholder of the Namibia Estate Enterprises (Pty) Ltd.

Acquiring group: The primary acquiring undertaking is Udo Manfred Stritter (“Mr. Stritter”), a practicing lawyer. Mr. Stritter does not carry on any business or gain or reward in the production, supply or distribution of goods or the provision of any services in his personal name. Mr. Stritter serves as one of the two directors of Namibia Estate Enterprises (Pty) Ltd (“NEE”) and may therefore be considered to exercise joint control over the target undertaking.

Target undertaking: The primary target undertaking is Namibia Estate Enterprises (Pty) Ltd., a company registered in Namibia that conducts business as a lodge and tourism establishment under the name “GocheGanas Lodge and Nature Reserve." 

Relevant market: The merging parties submit that the relevant market is hospitality & tourism. 

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