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Competition Tribunal approves Footgear takeover

Published: 12th Aug 2019

Pretoria, Gauteng, SA – The Tribunal has approved the merger in terms of which OMPE GP IV (Pty) Ltd (in its capacity as a partner of OMPE Fund) intends to acquire control in Footgear Holdings (Pty) Ltd.
       OMPE Fund controls MoreCorp which is active in the retail for the provision of golf and cycling footwear, whereas Footgear is a retailer of general and casual footwear.
       The Commission, in its assessment of the merger, concluded that no competition or public interests concerns arise from this merger.

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