The Botswana Competition Authority (BCA) has conditionally approved the proposed acquisition of Transport Holdings by Mullbridge Transport despite the fact that it is expected to result in job losses. The BCA approved the proposed acquisition on condition that:
- proper procedures are followed in line with the labour laws of Botswana to ensure that every employee receives the due severance benefits;
- the merged entity endeavours to create employment for the concerned employees by negotiating with their suppliers and customers; and
- the merged entity is to return to the BCA within 12 months, with a status report regarding concerned employees.
The merger notice released by the BCA is available here.