LONDON - From ketchup to hot drinks, family-run investment firms are shaking up the consumer deals market, squeezing out private equity players and forcing them to change strategy.
BEIJING/HONG KONG - China reiterated its opposition on Thursday to a European Union plan to limit airline carbon dioxide emissions and called for talks to resolve the issue a day after its major airlines refused to pay any carbon costs under the new law.
Namibian court okays Wal-Mart's Massmart buy: report
JOHANNESBURG (Reuters) - Wal-Mart (WMT.N) has been given the go-ahead by a Namibian court to implement its $2.4 billion takeover of South African retailer Massmart (MSMJ.J) pending an appeal to have conditions attached to the deal, a newspaper said on Friday.
An appeal by the Namibian competition regulator follows a High Court judgment in April that quashed the regulator's ruling that placed conditions on the deal.
The Namibian newspaper quoted Judge Smuts as saying the April 28 decision that gave Wal-Mart's bid an unconditional nod was valid and could be implemented even as parties wait for the appeal process.
South Africa approved Wal-Mart's (WMT.N) $2.4 billion bid for control of Massmart with minimal conditions on Tuesday.
The deal needed competition approval in six countries -- South Africa, Tanzania, Malawi, Swaziland, Zambia as well as Namibia.
(Reporting by Tiisetso Motsoeneng; Editing by Greg Mahlich)
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