Competition Commission of India

South Africa Online Retail Industry 2023: Competition Commission Targets Anti-Competitive Practices

Retrieved on: 
Wednesday, November 8, 2023
Online, Competition Commission of India, River Club, Gumtree, Pressure, Amazon Web Services, Competition Commission, Black Friday, Shein, Growth, COVID-19, Ali Baba, Clothing, Competition, Video game, Online shopping, Retail, Amazon

South Africa's online retail sector, which experienced rapid growth during the pandemic, continues to expand, albeit at a slightly slower pace.

Key Points: 
  • South Africa's online retail sector, which experienced rapid growth during the pandemic, continues to expand, albeit at a slightly slower pace.
  • The Competition Commission has raised concerns about anti-competitive practices among local online retailers, potentially impacting market dynamics.
  • The online retail sector in South Africa, which saw explosive growth during the COVID-19 pandemic, is still on an upward trajectory.
  • This report examines South Africa's burgeoning online retail industry, focusing on large online only players like Takealot and the increasing ecommerce capacity of the major traditional retailers.

ACCEPTANCE PERIOD EXTENDED PENDING INDIAN COMPETITION CLEARANCE UNTIL NO LATER THAN 12 MAY 2023

Retrieved on: 
Friday, March 31, 2023
Communication, Financial market, Failure, CET, CCI, Person, SEC Rule 144A, Common stock, ABN, ABN AMRO, Risk, European, Initial exchange offering, Offering circular, QIB, Acceptance, Letter, Section 4, Market, Netherlands Authority for the Financial Markets, Trustee, Section 16.1 of the Canadian Charter of Rights and Freedoms, Transaction, CEST, Settlement date, Documentation, Firmenich, Competition Commission of India, DSM, File, Importance, Exchange, Competition Commission, Shareholder, Exchange offer, Security (finance), Cryptocurrency, Pharmaceutical industry, Bank

KAISERAUGST, Switzerland, HEERLEN, Netherlands, and GENEVA, March 31, 2023 /PRNewswire/ -- On 23 January 2023, the acceptance period during which DSM Shareholders can tender their DSM Ordinary Shares into the Exchange Offer was extended as not all competition clearances would have been obtained by 31 January 2023 (the initial expiry date of the acceptance period). On 23 February 2023, we announced that we obtained nine out of the ten required competition clearances (including those in the European Union and China), and that the last competition clearance that is pending is the Indian competition clearance.

Key Points: 
  • On 23 February 2023, we announced that we obtained nine out of the ten required competition clearances (including those in the European Union and China), and that the last competition clearance that is pending is the Indian competition clearance.
  • We would make a public announcement once the Indian competition clearance has been obtained, and extend the acceptance period until two weeks after that announcement, but not before 17:40 hours CET on 7 March 2023 and no later than 17:40 hours CEST on 11 April 2023.
  • As a result, and in accordance with our public announcements of 23 January 2023 and 23 February 2023, the expiry date of the extended acceptance period (11 April 2023) must be extended somewhat further.
  • The acceptance period is hereby further extended until two weeks after clearance is obtained, but no later than 17:40 hours CEST on 12 May 2023.

Acceptance Period Extended Pending Indian Competition Clearance Until No Later Than 12 May 2023

Retrieved on: 
Friday, March 31, 2023
Communication, Financial market, Failure, CET, CCI, Person, SEC Rule 144A, Common stock, ABN, ABN AMRO, Risk, European, Initial exchange offering, Offering circular, QIB, Acceptance, Letter, Section 4, Market, Netherlands Authority for the Financial Markets, Trustee, Section 16.1 of the Canadian Charter of Rights and Freedoms, Transaction, CEST, Settlement date, Documentation, Firmenich, Competition Commission of India, DSM, File, Importance, Exchange, Competition Commission, Shareholder, Exchange offer, Security (finance), Cryptocurrency, Pharmaceutical industry, Bank

KAISERAUGST, Switzerland and HEERLEN, Netherlands and GENEVA, Switzerland, March 31, 2023 /PRNewswire/ -- On 23 January 2023, the acceptance period during which DSM Shareholders can tender their DSM Ordinary Shares into the Exchange Offer was extended as not all competition clearances would have been obtained by 31 January 2023 (the initial expiry date of the acceptance period). On 23 February 2023, we announced that we obtained nine out of the ten required competition clearances (including those in the European Union and China), and that the last competition clearance that is pending is the Indian competition clearance.

Key Points: 
  • On 23 February 2023, we announced that we obtained nine out of the ten required competition clearances (including those in the European Union and China), and that the last competition clearance that is pending is the Indian competition clearance.
  • We would make a public announcement once the Indian competition clearance has been obtained, and extend the acceptance period until two weeks after that announcement, but not before 17:40 hours CET on 7 March 2023 and no later than 17:40 hours CEST on 11 April 2023.
  • As a result, and in accordance with our public announcements of 23 January 2023 and 23 February 2023, the expiry date of the extended acceptance period (11 April 2023) must be extended somewhat further.
  • The acceptance period is hereby further extended until two weeks after clearance is obtained, but no later than 17:40 hours CEST on 12 May 2023.

ACCEPTANCE PERIOD EXTENDED PENDING INDIAN COMPETITION CLEARANCE UNTIL NO LATER THAN 12 MAY 2023

Retrieved on: 
Friday, March 31, 2023
Communication, Financial market, Failure, CET, CCI, Person, SEC Rule 144A, Common stock, ABN, ABN AMRO, Risk, European, Initial exchange offering, Offering circular, QIB, Acceptance, Letter, Section 4, Market, Netherlands Authority for the Financial Markets, Trustee, Section 16.1 of the Canadian Charter of Rights and Freedoms, Transaction, CEST, Settlement date, Documentation, Firmenich, Competition Commission of India, DSM, File, Importance, Exchange, Competition Commission, Shareholder, Exchange offer, Security (finance), Cryptocurrency, Pharmaceutical industry, Bank

KAISERAUGST, Switzerland, HEERLEN, Netherlands, and GENEVA, March 31, 2023 /PRNewswire/ -- On 23 January 2023, the acceptance period during which DSM Shareholders can tender their DSM Ordinary Shares into the Exchange Offer was extended as not all competition clearances would have been obtained by 31 January 2023 (the initial expiry date of the acceptance period). On 23 February 2023, we announced that we obtained nine out of the ten required competition clearances (including those in the European Union and China), and that the last competition clearance that is pending is the Indian competition clearance.

Key Points: 
  • On 23 February 2023, we announced that we obtained nine out of the ten required competition clearances (including those in the European Union and China), and that the last competition clearance that is pending is the Indian competition clearance.
  • We would make a public announcement once the Indian competition clearance has been obtained, and extend the acceptance period until two weeks after that announcement, but not before 17:40 hours CET on 7 March 2023 and no later than 17:40 hours CEST on 11 April 2023.
  • As a result, and in accordance with our public announcements of 23 January 2023 and 23 February 2023, the expiry date of the extended acceptance period (11 April 2023) must be extended somewhat further.
  • The acceptance period is hereby further extended until two weeks after clearance is obtained, but no later than 17:40 hours CEST on 12 May 2023.

Copenhagen Infrastructure Partners acquires South African renewable energy IPP

Retrieved on: 
Thursday, March 9, 2023
CIP, Wind, Partnership, Acquisition, Competition Commission of India, Head, Competition Commission, Copenhagen Infrastructure Partners, Growth, NMF, CI, Cryptocurrency, Renewable energy, Manufacturing, Mulilo, African

COPENHAGEN, Denmark, March 09, 2023 (GLOBE NEWSWIRE) -- Copenhagen Infrastructure Partners (CIP) has through its Copenhagen Infrastructure New Markets Fund I (CI NMF I) acquired the majority share of Mulilo Energy Holdings (Mulilo), a leading South African renewable energy developer based in Cape Town.

Key Points: 
  • COPENHAGEN, Denmark, March 09, 2023 (GLOBE NEWSWIRE) -- Copenhagen Infrastructure Partners (CIP) has through its Copenhagen Infrastructure New Markets Fund I (CI NMF I) acquired the majority share of Mulilo Energy Holdings (Mulilo), a leading South African renewable energy developer based in Cape Town.
  • CIP will assume full control of the company, with the current founders and management remaining on board and driving the company’s growth.
  • Today, the company holds an 8% market share in the South African renewable sector and has to date developed and successfully delivered 440 MW of operating wind and solar projects.
  • Our company has enjoyed sustained growth in the South African market since our founding in 2008, and we look forward to accelerating that trajectory in coming years.

DSM and Firmenich Have Obtained Competition Clearance from the European Commission

Retrieved on: 
Thursday, February 23, 2023
Exchange, Admitted, Competition Commission of India, Transaction, Civil service commission, Person, Section 4, Euronext Amsterdam, Shareholder, Documentation, Letter, Trustee, CET, Risk, Settlement date, Importance, QIB, Acceptance, Market, SAMR, Firmenich, DSM, State Administration for Market Regulation, Competition Commission, Section 16.1 of the Canadian Charter of Rights and Freedoms, Offering circular, Common stock, Financial market, Initial exchange offering, File, Netherlands Authority for the Financial Markets, Failure, European Commission, ABN AMRO, Communication, ABN, CCI, SEC Rule 144A, Exchange offer, Security (finance), Cryptocurrency

KAISERAUGST, Switzerland and HEERLEN, Netherlands and GENEVA, Switzerland, Feb. 23, 2023 /PRNewswire/ -- DSM and Firmenich jointly announce that they have obtained the unconditional competition clearance from the European Commission on 22 February 2023. This follows the unconditional competition clearance of China's State Administration for Market Regulation (SAMR) received on 16 February 2023. Consequently, competition clearance has been obtained in nine out of the ten jurisdictions required to satisfy the offer condition relating to competition clearances.1

Key Points: 
  • KAISERAUGST, Switzerland and HEERLEN, Netherlands and GENEVA, Switzerland, Feb. 23, 2023 /PRNewswire/ -- DSM and Firmenich jointly announce that they have obtained the unconditional competition clearance from the European Commission on 22 February 2023.
  • Consequently, competition clearance has been obtained in nine out of the ten jurisdictions required to satisfy the offer condition relating to competition clearances.1
    The last competition clearance that is pending is the Indian competition clearance.
  • We will make a public announcement once the Indian competition clearance has been obtained.
  • Accordingly, the DSM Shareholders holding DSM Ordinary Shares through a financial intermediary should comply with the dates communicated by such financial intermediary.

DSM And Firmenich Have Obtained Competition Clearance from the European Commission

Retrieved on: 
Thursday, February 23, 2023
Exchange, Admitted, Competition Commission of India, Transaction, Civil service commission, Person, Section 4, Euronext Amsterdam, Shareholder, Documentation, Letter, Trustee, CET, Risk, Settlement date, Importance, QIB, Acceptance, Market, SAMR, Firmenich, DSM, State Administration for Market Regulation, Competition Commission, Section 16.1 of the Canadian Charter of Rights and Freedoms, Offering circular, Common stock, Financial market, Initial exchange offering, File, Netherlands Authority for the Financial Markets, Failure, European Commission, ABN AMRO, Communication, ABN, CCI, SEC Rule 144A, Exchange offer, Security (finance), Cryptocurrency

KAISERAUGST, Switzerland, HEERLEN, Netherlands and GENEVA, Feb. 23, 2023 /PRNewswire/ -- DSM and Firmenich jointly announce that they have obtained the unconditional competition clearance from the European Commission on 22 February 2023. This follows the unconditional competition clearance of China's State Administration for Market Regulation (SAMR) received on 16 February 2023. Consequently, competition clearance has been obtained in nine out of the ten jurisdictions required to satisfy the offer condition relating to competition clearances.1

Key Points: 
  • KAISERAUGST, Switzerland, HEERLEN, Netherlands and GENEVA, Feb. 23, 2023 /PRNewswire/ -- DSM and Firmenich jointly announce that they have obtained the unconditional competition clearance from the European Commission on 22 February 2023.
  • Consequently, competition clearance has been obtained in nine out of the ten jurisdictions required to satisfy the offer condition relating to competition clearances.1
    The last competition clearance that is pending is the Indian competition clearance.
  • We will make a public announcement once the Indian competition clearance has been obtained.
  • Accordingly, the DSM Shareholders holding DSM Ordinary Shares through a financial intermediary should comply with the dates communicated by such financial intermediary.

ACCEPTANCE PERIOD FOR EXCHANGE OFFER EXTENDED PENDING COMPETITION CLEARANCES

Retrieved on: 
Monday, January 23, 2023
ABN, CET, DSM, QIB, Letter, Person, Section 15 of the Canadian Charter of Rights and Freedoms, SEC Rule 144A, Firmenich, Settlement date, Competition Commission, Shareholder, Decree, Exchange offer, Communication, Initial exchange offering, Exchange, Documentation, Failure, Importance, Retirement, Section 16.1 of the Canadian Charter of Rights and Freedoms, Financial market, Trustee, Netherlands Authority for the Financial Markets, Common stock, Market, Section 12 of the Canadian Charter of Rights and Freedoms, Acceptance, CCI, Offering circular, Competition Commission of India, ABN AMRO, Risk, File, Transaction, Security (finance), Cryptocurrency

KAISERAUGST, Switzerland, HEERLEN, Netherlands and GENEVA, Jan. 23, 2023 /PRNewswire/ -- The acceptance period during which DSM Shareholders can tender their DSM Ordinary Shares into the Exchange Offer that launched on 22 November 2022, which acceptance period was to expire on 31 January 2023, will be extended. The reason for this extension is that not all competition clearances will have been obtained by 31 January 2023.

Key Points: 
  • KAISERAUGST, Switzerland, HEERLEN, Netherlands and GENEVA, Jan. 23, 2023 /PRNewswire/ -- The acceptance period during which DSM Shareholders can tender their DSM Ordinary Shares into the Exchange Offer that launched on 22 November 2022, which acceptance period was to expire on 31 January 2023, will be extended.
  • The reason for this extension is that not all competition clearances will have been obtained by 31 January 2023.
  • DSM and Firmenich expect that the remaining competition clearances will have been obtained by 7 March 2023, potentially with the exception of the competition clearance in India.
  • In India, the relevant competition authority (the Competition Commission of India (CCI)) has a vacancy in its board since the chairperson's retirement on 25 October 2022.

Acceptance Period For Exchange Offer Extended Pending Competition Clearances

Retrieved on: 
Monday, January 23, 2023
ABN, CET, DSM, QIB, Letter, Person, Section 15 of the Canadian Charter of Rights and Freedoms, SEC Rule 144A, Firmenich, Settlement date, Competition Commission, Shareholder, Decree, Exchange offer, Communication, Initial exchange offering, Exchange, Documentation, Failure, Importance, Retirement, Section 16.1 of the Canadian Charter of Rights and Freedoms, Financial market, Trustee, Netherlands Authority for the Financial Markets, Common stock, Market, Section 12 of the Canadian Charter of Rights and Freedoms, Acceptance, CCI, Offering circular, Competition Commission of India, ABN AMRO, Risk, File, Transaction, Security (finance), Cryptocurrency

KAISERAUGST, SWITZERLAND and HEERLEN, NETHERLANDS and GENEVA, Switzerland, 23 January 2023 /PRNewswire/ -- The acceptance period during which DSM Shareholders can tender their DSM Ordinary Shares into the Exchange Offer that launched on 22 November 2022, which acceptance period was to expire on 31 January 2023, will be extended. The reason for this extension is that not all competition clearances will have been obtained by 31 January 2023.

Key Points: 
  • KAISERAUGST, SWITZERLAND and HEERLEN, NETHERLANDS and GENEVA, Switzerland, 23 January 2023 /PRNewswire/ -- The acceptance period during which DSM Shareholders can tender their DSM Ordinary Shares into the Exchange Offer that launched on 22 November 2022, which acceptance period was to expire on 31 January 2023, will be extended.
  • The reason for this extension is that not all competition clearances will have been obtained by 31 January 2023.
  • DSM and Firmenich expect that the remaining competition clearances will have been obtained by 7 March 2023, potentially with the exception of the competition clearance in India.
  • In India, the relevant competition authority (the Competition Commission of India (CCI)) has a vacancy in its board since the chairperson's retirement on 25 October 2022.

Prosus N.V.: Termination of Agreement to Acquire BillDesk

Retrieved on: 
Monday, October 3, 2022
Technology, Payments, Finance, Fintech, Other Technology, Professional Services, Software, Internet, Data Management, Competition Commission, JSE Limited, OLX, AEX, Magazine, IFood, Technology, BillDesk, A2X Markets, Dott, Competition Commission of India, Health, BandLab Technologies, Worldpay Group, SimilarWeb, Blockchain, PayU, Acidovorax facilis, Luno, Wolt, Christian Klar, JSE, Delivery Hero, Forward-looking statement, CCI, Euronext Amsterdam, Auto Trader, BUX, Stack Overflow, Science and technology in Asia, Red Dot Payment, Cryptocurrency, Food delivery, Republic, Naspers, Meesho, Superside (company), Otodome Falls, Prosus, Azo dye, Erudition

Prosus N.V. (Prosus) (AEX and JSE: PRX): On 31 August 2021, Prosus announced that an agreement had been reached between PayU Payments Private Limited (PayU), a subsidiary of Prosus, and the shareholders of the Indian digital payments provider BillDesk to acquire BillDesk for US$4.7 billion.

Key Points: 
  • Prosus N.V. (Prosus) (AEX and JSE: PRX): On 31 August 2021, Prosus announced that an agreement had been reached between PayU Payments Private Limited (PayU), a subsidiary of Prosus, and the shareholders of the Indian digital payments provider BillDesk to acquire BillDesk for US$4.7 billion.
  • Prosus has been a long-term investor and operator in India - investing close to US$6 billion in Indian technology companies since 2005.
  • Prosus remains committed to the Indian market and growing its existing businesses within the region.
  • Operating and investing globally in markets with long-term growth potential, Prosus builds leading consumer internet companies that empower people and enrich communities.