February 11, 2020 / 2:58 PM / 15 days ago

BRIEF-S.A. Competition Commission Recommends Conditional Approval Of PepsiCo/Pioneer Foods Deal

Feb 11 (Reuters) - South Africa’s Competition Commission:

* RECOMMENDED TO TRIBUNAL APPROVAL OF PROPOSED PEPSICO/PIONEER FOODS DEAL

* RECOMMENDED TRIBUNAL APPROVES PEPSICO/PIONEER FOODS DEAL SUBJECT TO COMMITMENTS INCLUDING MORATORIUM ON RETRENCHMENTS

* RECOMMENDED TRIBUNAL APPROVES PEPSI/PIONEER DEAL SUBJECT TO COMMITMENTS INCLUDING CREATIING JOBS AT MERGED ENTITY

* FOUND PROPOSED PEPSICO/PIONEER FOODS DEAL UNLIKELY TO RESULT IN SUBSTANTIAL PREVENTION/ LESSENING OF COMPETITION

* RECOMMENDED TRIBUNAL APPROVES PEPSI/PIONEER DEAL SUBJECT TO COMMITMENTS INCLUDING INVESTMENT IN OPS OF MERGED ENTITY

* RECOMMENDED TRIBUNAL APPROVES PEPSI/PIONEER DEAL SUBJECT TO COMMITMENTS INCLUDING B-BBEE DEAL OF AT LEAST R1.6 BLN Further company coverage:

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