DLA Piper assists Afrimat to secure competition approvals for its acquisition of Lafarge South Africa
DLA Piper has advised Afrimat on its successful acquisition of Lafarge South Africa, securing approvals from the competition authorities of South Africa, Botswana and eSwatini.
The South African Competition Tribunal approved the transaction subject to conditions that were offered by Afrimat, including divesting of various general aggregates quarries and readymix concrete plants across South Arica.
Afrimat, listed on the Johannesburg Stock Exchange (JSE), is a leading South African mining and materials company providing Construction Materials, Bulk Commodities, Industrial Minerals and Future Materials and Metals.
Lafarge South Africa, part of the world’s largest building materials group, Holcim, manufactures a range of products for South Africa’s construction industry, including aggregates, concrete, cement, and fly-ash.
The DLA Piper team was led by Janine Simpson, partner, and head of the South African Competition Practice Group. She was supported by Werner Rysbergen, Mia Dupper, and Lethabo Mogotsi.
Janine Simpson commented: “Successfully navigating the complexities of obtaining regulatory approval for this transaction has been crucial in securing this strategic acquisition for our client. We are delighted to have assisted in delivering this successful outcome for Afrimat and for a transaction that will give rise to various public interest and competition benefits.”
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