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South African court publishes reasoning for Pembani, Shanduka conditional deal go-ahead

( September 21, 2015, 15:59 GMT | Official Statement) -- MLex Summary: The South African Competition Tribunal has published its reasoning for conditionally approving investment holding firm Pembani Group’s acquisition of certain shareholding and loan claims held by Shanduka Group, the primary holding company for Shanduka Restaurants and Shanduka Resources. Under the conditions of the accord, BHP Billton Energy Coal Proprietary, in which Pembani holds a 6 percent interest allowing it to appoint its CEO, will refrain from sharing competitively sensitive information with Shanduka’s entities in the coal market.Statement is attached....

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