Commission grants approval for England-based Prax to acquire Natref
- May 30, 2024
- Infrastructure
- 0 Comments
The Competition Commission has conditionally approved a proposed transaction between Prax South Africa and the National Petroleum Refiners of South Africa (Natref), whereby the former intends to acquire the latter.
Prax is ultimately controlled by a firm incorporated in England called State Oil Limited, which is, in turn, controlled by Prax Group Holdings, which is also based in England.
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