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Competition Commission approves Cell C recapitalisation with conditions on trustee membership

Friday 22 May 2020 | 10:17 CET | News
The South African Competition Commission has conditionally approved the sale of certain Cell C assets to special purpose vehicle (SPV) Gatsby. The conditions concern the identities of the members of a trust to hold the Gatsby share capital. The commission said it has recommended that the Competition Tribunal should conditionally approve the proposed transaction, in which Gatsby SPV intends to acquire certain assets of Cell C.

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Categories: Mobile & Wireless
Companies: Cell C
Countries: South Africa
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