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picture1_Companies Act Pdf 149956 | Merger Notice No 24 2018   Bsa International  And Aspen  Pharmacare Holdings Limited


 197x       Filetype PDF       File size 0.27 MB       Source: www.competitionauthority.co.bw


File: Companies Act Pdf 149956 | Merger Notice No 24 2018 Bsa International And Aspen Pharmacare Holdings Limited
merger notice no 24 2018 the proposed acquisition of the infant nutrition business of aspen pharmacare holdings limited by bsa international s a pursuant to section 56 1 of the ...

icon picture PDF Filetype PDF | Posted on 14 Jan 2023 | 2 years ago
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                   MERGER NOTICE NO 24: 2018 
                       
       THE PROPOSED ACQUISITION OF THE INFANT NUTRITION BUSINESS OF ASPEN 
       PHARMACARE HOLDINGS LIMITED BY BSA INTERNATIONAL S.A.  
        
       Pursuant to section 56(1) of the Competition Act (Cap 46:09), the Competition 
       Authority has received a merger notification for the proposed acquisition of 
       the Infant Nutrition Business (the “Target Enterprise”) of Aspen Pharmacare 
       Holdings Limited (“Aspen”) by BSA International S.A. (“BSA International”). In 
       terms of the proposed acquisition, BSA International intends to acquire the 
       Target  Enterprise  by  acquiring,  inter  alia,  intellectual  property  and  related 
       goodwill; tangible  assets;  product  registrations  and  retail  registrations;  and 
       shares in companies conducting the Target Enterprise. 
        
       The  acquiring  enterprise,  BSA  International,  is  a  company  incorporated  in 
       accordance with the Laws of Belgium. It is controlled by BSA S.A., a private 
       company incorporated  under  the  Laws  of  France.  BSA  International  is  a 
       holding company, and in Botswana indirectly controls Parmalat Botswana 
       (Pty) Ltd (“Parmalat Botswana”). Parmalat Botswana is part of the Parmalat 
       Group, a global player in the production and distribution of dairy products 
       (including milk, yoghurt, cream based sauces, desserts and cheese) and fruit 
       beverages. The Directors of Parmalat Botswana are Primie Maungo Moipolai 
       (Motswana); Paul Verhaak (Dutch); and Alessandro Magnelli (Italian). 
        
       The Target Enterprise is currently operated by Aspen (the Seller) via its wholly 
       owned  trading  entity  in  South  Africa,  Pharmacare  Limited  t/a  Aspen 
       Pharmacare. Aspen is a public company incorporated under the Laws of 
       South Africa and listed on the Johannesburg Stock Exchange. Aspen is not 
       controlled by any enterprise or enterprises. Aspen is a leading multinational 
       pharmaceutical company, manufacturing a wide variety of specialty and 
       branded pharmaceutical product types including injectables, oral solid dose, 
       liquids, semi-solids, steriles, active pharmaceutical ingredients and nutritionals. 
       Though  it  has  no  direct  presence  in  Botswana,  Aspen  conducts  business 
       activities in the country on a cross border basis. 
        
        Through the Target Enterprise, Aspen supplies a range of infant nutritional and 
       growing  up  milk  products  (such  as  S-26;  S-26  Gold;  Infasoy  and  Infacare 
       branded products) across Botswana. The Directors of Pharmacare Limited are 
       are Stephen Bradley Saad; Carnie van der Linde; Lorraine Angela Hill; Sean 
       Matthew Capazorio; and Michael Guy Attridge (all South Africans). 
         
       According to section 57(3), of the Competition Act, “any person, including a 
       third party not a party to the proposed merger, may voluntarily submit to the 
       inspector or the Authority any document, affidavit, statement or other relevant 
       information in respect of a proposed merger”. 
        
        The Competition Authority therefore seeks any stakeholder views for or against 
       the proposed merger, which may be sent within 10 days from date of this 
       publication to the following address: 
        
       Director, Mergers and Monopolies   
       Competition Authority   
       Private Bag 00101  
       Plot 28, Matsitama Road, Main Mall  
       Gaborone  
       Tel: +267 3934278   Fax: +267 3121013 
       Email: CA@competitionauthority.co.bw  
The words contained in this file might help you see if this file matches what you are looking for:

...Merger notice no the proposed acquisition of infant nutrition business aspen pharmacare holdings limited by bsa international s a pursuant to section competition act cap authority has received notification for target enterprise in terms intends acquire acquiring inter alia intellectual property and related goodwill tangible assets product registrations retail shares companies conducting is company incorporated accordance with laws belgium it controlled private under france holding botswana indirectly controls parmalat pty ltd part group global player production distribution dairy products including milk yoghurt cream based sauces desserts cheese fruit beverages directors are primie maungo moipolai motswana paul verhaak dutch alessandro magnelli italian currently operated seller via its wholly owned trading entity south africa t public listed on johannesburg stock exchange not any or enterprises leading multinational pharmaceutical manufacturing wide variety specialty branded types inje...

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