South Africa Regulator Clears Harith's FlySafair Deal With Conditions
Updated
Updated · Bloomberg · Jul 14
South Africa Regulator Clears Harith's FlySafair Deal With Conditions
1 articles · Updated · Bloomberg · Jul 14
Summary
South Africa’s Competition Commission recommended approval of Harith General Partners’ acquisition of budget airline FlySafair, clearing a key antitrust hurdle.
The regulator said the Competition Tribunal should approve the transaction with conditions, according to a statement posted on its website.
The decision advances Harith’s proposed takeover of one of South Africa’s low-cost carriers, with final tribunal approval still required.