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 Massmart-Walmart welcome Namibian supreme court decision
Massmart-Walmart welcome Namibian supreme court decision

Massmart-Walmart welcome Namibian supreme court decision

RETAILER NEWS

Massmart - Nov 4th 2011, 15:04

Massmart-Walmart welcome this morning’s ruling by the Namibian supreme court which upheld Walmart’s legal challenge to a Ministerial Notice imposing foreign investment restrictions in Namibia. The practical implications of this ruling are: 

• Implementation of the merger in Namibia remains unaffected;
• The conditions imposed on the merged firm by the Namibian Competition Commission must be reviewed by the Minister of Trade and Industry; and
• Any conditions imposed by the Minster remain open to challenge by the parties as required.

The merged parties look forward to a speedy completion of the Ministerial review, and any further legal proceedings to which this may give rise.
 

Read more about: walmart | namibia | merger | massmart | competition

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