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South African watchdog recommends approval of Kagiso Capital deal

( January 30, 2017, 12:30 GMT | Official Statement) -- MLex Summary: South Africa's Competition Commission has recommended that the Tribunal approve the planned merger between Kagiso Capital and Kagiso Tilo. Kagiso Capital is a holding company owned by the Kagiso Charitable Trust, which holds a stake in Kagiso Tilo, a black-owned investment holding company with investments in companies such as Kagiso Media and Lupo Bakery. The commission found that the proposed merger raised no competition concerns.The full text of the statement is below:...

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