Tribunal approves Masscash, Finro merger

The Competition Tribunal on Tuesday, 22 September 2009, unconditionally approved the merger between Masscash Holdings and Finro Enterprises. Masscash, a wholly owned subsidiary of Massmart, will acquire 75% interest in the business of Finro Enterprises (Finro). Finro will retain the 25% remaining interest. The Competition Commission had recommended to the Competition Tribunal that the proposed merger be prohibited.
Source:I-Net Bridge