https://newsletter.en.creamermedia.com

Commission recommends tribunal approve Sea Harvest, Vikings merger

30th May 2018

By: Simone Liedtke

Creamer Media Social Media Editor & Senior Writer

     

Font size: - +

The Competition Commission has recommended to the Competition Tribunal that Sea Harvest Corporation’s proposed acquisition of certain fishing rights and assets used in operating the fishing business of Vikings Fishing Holdings, be approved with conditions.

The proposed merger, the commission found, does not lead to a substantial lessening of competition.

It pointed out, however, that public company Brimstone Investment Corporation, which controls Sea Harvest, also has a noncontrolling shareholding interest in Oceana, a competitor of Sea Harvest.

There is a risk that, post-merger, competitively sensitive information could be shared between Sea Harvest and Oceana through common shareholder Brimstone, the commission warned.

Therefore, the commission recommended on Wednesday that the tribunal impose conditions that will ensure Brimstone does not appoint the same directors to the boards of Sea Harvest and Oceana.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Werner South Africa Pumps & Equipment (PTY) LTD
Werner South Africa Pumps & Equipment (PTY) LTD

For over 30 years, Werner South Africa Pumps & Equipment (PTY) LTD has been designing, manufacturing, supplying and maintaining specialist...

VISIT SHOWROOM 
Sweet-Orr
Sweet-Orr

Sweet-Orr, established in 1871, is a global leader in superior protective workwear, known for quality, innovation, and performance.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Head and shoulders shot of Amanuel
Structural shift under way
27th February 2026 By: Devina Haripersad
Engineering News editor Terence Creamer
2026 Budget highlights
25th February 2026 By: Creamer Media Reporter

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







301

sq:0.071 0.183s - 129pq - 2rq
Subscribe Now