Massive acquisitions sail through CTC

THE Competition and Tariff Commission (CTC) has approved six acquisitions, including the acquisition of TrenTyre subsidiaries by farming implements manufacturer Zimplow Holdings.

Zimplow intends to acquire 100% shareholding in Scanlink, Tredcor Zimbabwe, trading as TrenTyre, Birmingham Investments in Harare’s Willowvale industrial estate.

According to the latest CTC report, some of the approved acquisitions included the acquisition of 82,4% shareholding in Interfresh Limited by Takura Ventures and Takura III, acquisition of 99% shareholding in Comair Limited by K2020704995 (SA) Proprietary Limited in South Africa (SA Bidco), and the acquisition of THI by ZIMNAT.

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