South Africa dismisses Imerys-Andalusite Resources merger appeal
Published: Thursday, 02 March 2017
A tribunal dismissed a request by the two companies to review their previously-rejected merger proposal, reiterating its views that competition would be diminished at the expense of domestic andalusite users.
South Africa’s Competition Appeal Court has
dismissed an appeal lodged by andalusite miners Imerys SA and
Andalusite Resources (AR) to reconsider the
tribunal’s earlier rejection of a merger between
the two companies, IM has learnt.
The tribunal today dismissed the appeal after it first
rejected the proposed takeover...