Competition Commission South Africa recommends Comair's acquisition by SA BidCo

Competition Commission South Africa issued (29-Oct-2020) a recommendation for the Competition Tribunal of South Africa to approve Comair (South Africa)'s acquisition by SA BidCo. The commission found no overlap of the parties' activities and, in response to employment concerns, noted liquidation would result in termination of all employees, while SA Bidco intends to reduce Comair's staff complement by 200. SA BidCo is a South African entity with no commercial operations or trading history. [more - original PR]