General Notice No. 248 of 2014

Competition Commission » Notification to approve with conditions the transaction involving » Oceana...

Title	Competition Commission » Notification to approve with conditions the transaction involving » Oceana Group Limited and the fishing business of Foodcorp (Proprietary) Limited Case Number » 2013Aug0371
Department	Trade and Industry
Gazette	National Gazettes, No. 37478 of 28 March, 2014, 25 page(s), 2.4Mb

24  No. 37478                GOVERNMENT GAZETTE, 28 MARCH 2014

NOTICE 248 OF 2014

COMPETITION COMMISSION

NOTIFICATION TO APPROVE WITH CONDITIONS THE TRANSACTION INVOLVING:

OCEANA GROUP LIMITED

AND

THE FIE: ITJG BUSINESS OF FOODCORP (PROPRIETARY) LIMITED

CASE NUMBER: 2013AUG0371

The Competition Commission hereby gives notice, in terms of Rule 38 (3)(c) of the 'Rules for

the Conduct of Proceedings in the Competition Commission, that it has approved the
                transaction involving the above mentioned firms subject to conditions as set out below:

On 02 August 2013, the Competition Commission ("Commission") received a notice of an

intermediate merger whereby the primary acquiring firm, Oceana Group Limited ("Oceana") will
                acquire the fishing business of Foodcorp as a going concern. The business essentially
                constitutes the entire fishing business of Foodcorp and consists of the business of catching,
                processing and selling deep sea trawl hake, lobster and/or pelagic fish carried out by the

relevant Sellers. It includes the Cape Town fishing operations' head office which consists of the
                business assets (described below) and business liabilities; the business assets of each Seller
                being: accounts receivable, the cash-on-hand, the contracts, fishing rights, fishing vessels, fixed
                assets, immovable properties, goodwill, intellectual property, shares, and claims on loan
                account against the Sellers subsidiaries, stock and licences; and all shares (excluding minority

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General Notice No. 248 of 2014

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