High Court blocks Whale Rock-Ohorongo cement merge
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High Court blocks Whale Rock-Ohorongo cement merge
The High Court has overturned the industries minister’s decision to allow a merger between Namibia’s two cement companies after the minister admitted to an administrative blunder that meant objections to the merger never reached him. Industries, mines and energy minister Modestus Amutse gave permission in June for Whale Rock Cement, the owner of the Cheetah […]
Court blocks cement merger approval – Windhoek Observer
Sostenus Wilherm The High Court has overturned the minister of industries, mines and energy, Modestus Amutse’s decision to approve a proposed cement merger, restoring the Namibian Competition Commission’s (NaCC) prohibition of the transaction. Justice James Robertson Devittie issued the order in the High Court on Thursday, following an urgent review application by ITE Products (Proprietary) Limited, Pharaoh Cement (Proprietary) Limited and the C…
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