Online Reporter
Business Reporter
THE Competition and Tariffs Commission (CTC) has launched an investigation into Unifreight Africa Limited’s proposed acquisition of an 86,67 percent shareholding in Cheetah Express Logistics (Private) Limited, which could reshape Zimbabwe’s courier and logistics sector.
In a General Notice issued under Section 28 of the Competition Act [Chapter 14:28], the commission announced that it has commenced an assessment of the transaction to determine its potential impact on competition and the public interest.
The regulator said the investigation would seek to establish whether the proposed merger is likely to substantially lessen competition in Zimbabwe or any significant part of the market, or whether it could result in the creation of a monopoly situation contrary to public interest.
“The commission wants to determine whether the proposed merger is likely to substantially lessen the degree of competition in Zimbabwe or any substantial part of it; or is likely to result in the creation of a monopoly situation which is or will be contrary to public interest,” CTC said in the notice.
Unifreight Africa Limited is a transport and logistics company listed on the Zimbabwe Stock Exchange (ZSE).
