South Africa's Competition Commission said on Wednesday it had recommended against approval for retailer Pick 'n Pay's bid to acquire the Fruit & Veg City franchise.
Compliance manager at the commission, Tembinkosi Bonakele, told Reuters the commission found that Pick 'n Pay and Fruit & Veg City were competitors in the fresh produce market and a merger would stifle competition.
Read Full Article at Reuters South Africa
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment