Regulator gives thumbs up to Mr Price’s purchase of Studio 88.
Loading player...
South Africa’s Competition Commission has recommended that the Competition Tribunal approve Mr Price’s deal to acquire Studio 88 without conditions.
In April, retailer Mr Price announced that it has entered into a transaction agreement to acquire 70% of Blue Falcon, which owns the Studio 88 group of businesses, from RMB Ventures and the current management of the Studio 88 Group, for R3.3 billion.
In April, retailer Mr Price announced that it has entered into a transaction agreement to acquire 70% of Blue Falcon, which owns the Studio 88 group of businesses, from RMB Ventures and the current management of the Studio 88 Group, for R3.3 billion.
