BIZweek n°299 17 jui 2020
BIZweek n°299 17 jui 2020
  • Prix facial : gratuit

  • Parution : n°299 de 17 jui 2020

  • Périodicité : hebdomadaire

  • Editeur : Capital Publications Ltd

  • Format : (260 x 370) mm

  • Nombre de pages : 8

  • Taille du fichier PDF : 3,8 Mo

  • Dans ce numéro : SADC réponse régional à la pandémie covid-19.

  • Prix de vente (PDF) : gratuit

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 !.m my.t home FIBRE +TV encore plus accessible en juillet NOUVEL ABONNEMENT my.t 4K Smart Box Abonnez-vous en ligne sur shop.myt.mu telecomauritius m ÉCONOMISEZ JUSQU'À Rs 8 000 Frais d'installation Abonnement TV et Internet FREE * Abonnement DUAL ROOM FRET" 10 chaînes premium y 8902 I myt.mu Jusqu'à 20% de réduction sur les accessoires tep *Pendant 2 mois I Offres va lables jusqu'au 31 ju illet 2020 I Con dit ions applicables
VENDREDI 17 JUILLET 2020 BIZWEEK ÉDITION 299 BIZ ALERT COMESA COMPETITION COMMISSION & COMPETITION COMMISSION OF MAURITIUS Three mergers having a regional dimension approved Mergers having a regional dimension have been approved by the COMESA Competition Commission in consultation with the Competition Commission of Mauritius, and which relates to Mauritian markets, namely  : Acquisition of Mauvilac Industries Limited by Akzo Nobel Coatings International B.V. ; Acquisition of Pioneer Food Group Limited by PepsiCo, Inc., through Simba Proprietary Ltd ; and Acquisition of Vindémia Group SAS by Groupe Bernard Hayot Merger control is an integral role of competition authorities around the world, including the Competition Commission of Mauritius. Mauritius being a Member State of the COMESA (Common Market for Eastern and Southern Africa), the Competition Commission of Mauritius works in close collaboration with the COMESA Competition Commission to review mergers having a regional dimension, but which may impact the Mauritian market. Mergers between companies operating in several COMESA Member States and meeting certain turnover and asset thresholds must seek the approval of the COME- SA Competition Commission. In turn, the COMESA Competition Commission notifies the Competition Commission of Mauritius of mergers which may affect Mauritius and seeks the views of the Competition Commission of Mauritius prior to taking a decision on such matters. For the year ending June 2020, the Competition Commission of Mauritius has reviewed several mergers out of which 30 had a regional dimension and were reviewed in collaboration with the COMESA Competition Commission. Several of those regional mergers affect Mauritius. For instance, in June 2020, the COME- SA Competition Commission, in consultation with the Competition Commission of Mauritius, has approved, subject to certain conditions, the acquisition of Mauvilac Industries Limited by Akzo Nobel Coatings International B.V. Earlier in March, the acquisition of Pioneer Food Group Limited by PepsiCo, Inc. was cleared after certain assurances being given by the party. Similarly, in February, the acquisition of Vindémia Group S.A.S by Groupe Bernard Hayot was approved. Merger involving Akzo Nobel Coatings International B.V. and Mauvilac Industries Limited EUROMONEY « BEST BANK IN MAURITIUS AWARD 2020 » La MCB rafle le titre pour la septième année de suite Pour la septième année consécutive, la MCB a raflé le titre de Best Bank in Mauritius décerné par le magazine Euromoney. Les « Awards for Excellence » sont les récompenses prisées par les banques et les banquiers qui ont de l’importance. Elles existent depuis 1992 et ont été les premières de leur genre dans l’industrie bancaire. Expliquant les raisons de cette récompense, Louis Bowman, editor à Euromoney Magazine explique  : « Tout en étant une banque locale, la MCB a été en mesure d’étendre ses opérations en Afrique et conserve une solide position de capital et de financement après avoir levé l’année dernière USD 800 millions dans le cadre d’un prêt à terme syndiqué sur les marchés internationaux de la dette. La banque a aussi mis en oeuvre un programme de transformation numérique et a amélioré son service JuicebyMCB qui a vu 85 000 utilisateurs supplémentaires au cours de la période sous revue ». Alain Law Min, Chief Executive – MCB Ltd  : « Pour la septième année de suite, la MCB a reçu l’Euromoney Awards for Excellence  : Best Bank in Mauritius. Cette consécration internationale est un témoignage conséquent de nos solides fondamentaux financiers et de notre engagement continu afin d’offrir des produits et services de qualité à nos clients et de les soutenir, dans un contexte difficile engendré par la Covid-19. Ce titre vient aussi démontrer que nous sommes une institution reconnue et respectée sur le plan régional et international. Je dédie cette distinction à tous nos clients ainsi qu’à nos employés, sans qui cette réussite n’aurait pas été possible d’année en année ». The AkzoNobel group, a global manufacturer and distributor of paint which is active in over 150 countries, including Mauritius, had proposed to acquire Mauvilac Industries Limited, through Akzo Nobel Coatings International B.V. During the review of the transaction, certain players on the market expressed some concerns with the transaction. Although the AkzoNobel group was active in Mauritius before the transaction, it had a relatively low market share. As such, the transaction is unlikely in itself to significantly increase the market concentration in supply of paints in Mauritius. However, concerns were expressed that the transaction may increase the incentive of the acquirer to engage in tying and bundling to the detriment of competition. Concerns were also expressed that it may shift its production to other countries to the detriment of the local economy and public benefit. Akzo Nobel Coatings International B.V. offered undertakings (commitments) that it will not condition the supply of Mauvilac paints on a requirement or obligation for retailers to also purchase Dulux/International paint brands. It further committed that production of paints in Mauritius by Mauvilac will be continued. These undertakings are valid for a period of 3 and 10 years respectively. Merger involving Groupe Bernard Hayot and Vindémia Group S.A.S The Groupe Bernard Hayot is present in 17 territories and operates in mass retailing, automotive distribution and industrial activities. In Mauritius, Groupe Bernard Hayot distributes motor vehicles of the brand « Hyundai » through Bamyris Motors Ltd. It is also present through Global Business Companies incorporated in Mauritius. Vindémia Group S.A.S, is a leading food retailer with hypermarkets, supermarkets and convenience stores. In Mauritius, it mainly owns and operates Somags Ltée which trades as « Jumbo Score » hypermarkets, « Jumbo Express » supermarkets and « Vival » convenience stores, and Distrilog Ltd. No competition issues were found, and the transaction was approved. Merger involving Pioneer Food Group Limited by PepsiCo, Inc. Another cross-border transaction affecting Mauritius is the acquisition of Pioneer Food Group Limited by PepsiCo, Inc. The latter is an American company which supplies international brands such as Pepsi, Doritos, Lay’s, Quaker Oats and Tropicana. Pioneer Food Group Limited is a South African company, which also supplies wellknown brands, including Ceres Juice, Fruitree and Liqui-fruits and a variety of breakfast cereals of the brand Bokomo. Several of the products of the parties are supplied in Mauritius through different distributors. Certain products supplied by these two parties were competing in Mauritius and some players expressed certain potential competition issues. However, following additional clarifications from the parties, the Competition Commission found no competition issues. The transaction was approved. 3

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