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Clover's R4.7bn deal gets Competition Commission nod

22/07/2019 - 10:12

The Competition Commission has approved, with conditions, the R4.8bn sale of branded foods and beverages group Clover Industries to a consortium led by Tel Aviv-based Central Bottling Company, Clover said on Friday. 

Clover’s shares surged strongly on Friday afternoon after the announcement and closed 11.9% up at R23.50. The company said the commission had recommended that the Competition Tribunal approve the transaction, which has elicited criticism from NGO Boycott, Divestment and Sanctions (BDS) and trade union Food and Allied Worker... 

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