According to Reuters, South Africa’s Competition Commission has conditionally approved PepsiCo’s $1.7 billion acquisition of food and drinks producer Pioneer Food Group, saying it is unlikely to lessen competition in relevant markets. PepsiCo struck a deal to buy South Africa’s Pioneer in July 2019.

The commission recommended that the Competition Tribunal, which makes the final decision, approve the merger subject to public interest commitments. Those include a moratorium on merger-related job cuts for a certain period and the creation of additional positions at the merged firm.

Reuters article

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  1. Mergers and Acquisitions

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