South Africa rejects Imerys-Andalusite Resources merger
Published: Wednesday, 21 September 2016
The regulator cited evident competition issues that would have led to a situation of monopoly in South African andalusite supply and could have resulted in higher prices as well as lower availability to local customers.
The South African Competition Tribunal has today rejected
the proposed merger between Imerys South Africa Pty and
Andalusite Resources Ltd (AR), which would have effectively
given Imerys control over more than 80% of global andalusite
After over a year of legal discussions, the tribunal has