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Competition Commission approves Clicks’ R105 million Sorbet takeover

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South Africa’s Competition Commission has approved Clicks Investments’ proposal to acquire Sorbet from Old Mutual Private Equity – with conditions. In November 2022, retailer Clicks announced it is set to acquire beauty salon franchise chain Sorbet for a cash consideration of R105 million. The deal will result in Clicks holding 100% of the issued share capital of all Sorbet group entities

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15 May 2023 5PM English South Africa Business News · Investing

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