The transaction involved the purchase by the FedEx Group, the global courier delivery services provider, of the business operations and assets of its licensees in the Supaswift Group in a number of countries in Africa, including three Common Market for Eastern and Southern Africa (COMESA) Member States: Malawi, Swaziland and Zambia. The Supaswift Group companies concerned, offer small package and freight express delivery services under license from the FedEx Group, under the FedEx brand in Swaziland, Malawi and Zambia.
From FedEx's perspective the rationale for the transaction was to enable FedEx to own its operations in the countries concerned as so to improve service levels on a global scale to meet the growing needs of customers in Africa by providing an improved value proposition and comprehensive range of services.
On 19 March 2014, COMESA's Committee of Initial Determination (Committee) approved the merger finding that the proposed merger is not likely to substantially prevent or lessen competition and will not be contrary to public interest in the Common Market. Moreover, the Committee was satisfied that the merger is in line with the objectives of the COMESA Treaty in that it does not negate the single market objective.