Massmart deal unlikely to be unravelled
By Khanyisa Tabata
22 June 2011
Analysts say the three government ministers who have appealed a decision to let Wal-Mart buy a controlling stake in Massmart may be attempting to pressure the competition authorities to impose more conditions on the deal.
They add that it is unlikely that the 16-and-a-half-billion-Rands transaction could be unravelled.
Economic Development Minister Ebrahim Patel, Trade and Industry Minister Rob Davies and Forestry and Fisheries Minister Tina Joemat-Pettersson want the merger to be reconsidered due to technical irregularities in certain documents.
22 June 2011
Analysts say the three government ministers who have appealed a decision to let Wal-Mart buy a controlling stake in Massmart may be attempting to pressure the competition authorities to impose more conditions on the deal.
They add that it is unlikely that the 16-and-a-half-billion-Rands transaction could be unravelled.
Economic Development Minister Ebrahim Patel, Trade and Industry Minister Rob Davies and Forestry and Fisheries Minister Tina Joemat-Pettersson want the merger to be reconsidered due to technical irregularities in certain documents.
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