The Tribunal will hear submissions relating to the proposed large merger which relates to the acquisition of Emerald Hotel Resort & Casino South Africa (“Emerald”) by K2021134577 (South Africa) (Pty) Ltd (“Newco”).
 
The primary acquiring firm is Newco, a newly registered private company, which is incorporated and registered in accordance with the laws of South Africa. Newco is jointly controlled by Tsogo Sun Gaming and other shareholders. Tsogo Sun operates casino and entertainment destinations offering a wide variety of gaming, dining and entertainment facilities in South Africa.
 
Emerald offers casino, short-term hotel accommodation, conferencing and banqueting facilities and leisure activities. Emerald is situated in Vanderbijlpark, Gauteng.
 
The Competition Commission (“the Commission”), which assesses large mergers before referring such to the Tribunal for a decision, recommended that the proposed transaction be approved with conditions.
 
The Tribunal is due to hear submissions from the merging parties and the Commission.