
The competition authorities in Botswana and Namibia are expected to revert with their opinions shortly. Their decisions, however, has only a marginal impact on the deal, as more than 95 percent of Tecsa’s operations refer to the South African market.
Beijer Ref is preparing for Tecsa (Pty) Ltd to be included in the consolidated accounts as from 1 March this year.
Beijer Refs CEO, Per Bertland, comments:
”We are pleased to receive this clearance. There is great market potential in southern Africa, and expanding our presence in South Africa with another superior company is in line with our strategy.”
Source: news.cision.com