<\/p>\n
South Africa\u2019s antitrust regulator approved private equity firm Harith General Partners\u2019 proposal to acquire budget carrier FlySafair.<\/p>\n
The Competition Commission recommended that the Competition Tribunal approve the transaction with conditions, according to a statement on its website.<\/p>\n
The acquisition will help FlySafair \u2014 which controls more than 60% of domestic seat capacity \u2014 address regulatory pressure to meet South African ownership rules. The Domestic Air Services Council in 2024 said that the carrier was in breach because trusts and companies \u2014 not people \u2014 own 75% of the airline\u2019s voting rights. The ruling followed a complaint by local rival Lift.<\/p>\n
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Read:
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FlySafair to be prosecuted for overbooking flights
FlySafair extends ticket surcharge to August<\/p>\n
Harith invests in infrastructure across Africa, and also owns a stake in Lanseria International Airport, northwest of Johannesburg. The regulator said Harith must not discriminate against other airlines using Lanseria as part of its decision to approve the transaction.<\/p>\n
The commission also recommended that the tribunal approve Coca-Cola HBC AG and Coca-Cola HBC Holdings BV\u2019s purchase of CocaCola Beverages Africa. Among the conditions to the approval is a commitment to undertake a secondary listing of CCHBC in Johannesburg.<\/p>\n
\u00a9 2026 Bloomberg<\/p>\n<\/p><\/div>\n
#fund #Harith #antitrust #approval #acquire #FlySafair<\/p>\n","protected":false},"excerpt":{"rendered":"
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