{"id":249223,"date":"2021-06-04T09:00:08","date_gmt":"2021-06-04T03:30:08","guid":{"rendered":"https:\/\/www.scconline.com\/blog\/?p=249223"},"modified":"2021-06-04T13:40:45","modified_gmt":"2021-06-04T08:10:45","slug":"burger-king","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2021\/06\/04\/burger-king\/","title":{"rendered":"Competition Commission of South Africa interdicts transaction to acquire Burger King | Read how merger would have impacted \u2018Historically Disadvantaged Persons\u2019?"},"content":{"rendered":"<p style=\"text-align: justify;\">Competition Commission of South Africa in a statement prohibited the transaction proposed by ECP Africa intended to acquire Burger King (South Africa) and Grand Foods Meat Plant (Pty) Ltd (grand Foods) from Grand Parade Investments.<\/p>\n<h3 style=\"text-align: justify;\"><span style=\"color: #ff0000;\">What would be the impact of the merger?<\/span><\/h3>\n<p style=\"text-align: justify;\">Commission found that the merger would lead to a significant reduction in the shareholding of historically disadvantaged persons in the target firm, from more than 68% to 0% as a result of the merger.<\/p>\n<p style=\"text-align: justify;\">The said merger would not have resulted in a substantial prevention or lessening of competition.<\/p>\n<p style=\"text-align: justify;\">Commission stated that the acquiring firms do not have ownership by historically disadvantaged persons (HDPs). As a direct result of the proposed merger, the merged entity will have no ownership by the HDPs and workers.<\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #0000ff;\"><strong>No Public Interest<\/strong><\/span><\/p>\n<p style=\"text-align: justify;\">Therefore, Commission was concerned that the proposed merger would have a substantial negative effect on the promotion of greater spread of ownership, in particular to increase the levels of ownership by historically disadvantaged persons in firms in the market as contemplated in Section 12A(3)(e) of the Competition Act.<\/p>\n<p style=\"text-align: justify;\">Concluding the statement, Commission stated that the proposed transaction raised significant public interest concerns and has a substantial negative effect on the promotion of a greater spread of ownership.<\/p>\n<hr \/>\n<p style=\"text-align: justify;\">Competition Commission of South Africa<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Competition Commission of South Africa in a statement prohibited the transaction proposed by ECP Africa intended to acquire Burger King (South Africa) <\/p>\n","protected":false},"author":8808,"featured_media":249232,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[31886,18751,35170,29785,4221,32260,46117,3391,38514,42941],"class_list":["post-249223","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-casebriefs","tag-burger-king","tag-competition-act","tag-competition-commission","tag-law","tag-merger","tag-ownership","tag-private-equity","tag-public_interest","tag-shareholding","tag-south-africa"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.4 (Yoast SEO v26.4) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Competition Commission of South Africa interdicts transaction to 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Brands\u2019 India franchise under a single listed entity.","rel":"","context":"In &quot;Law Firms News&quot;","block_context":{"text":"Law Firms News","link":"https:\/\/www.scconline.com\/blog\/post\/category\/news\/law-firms-news\/"},"img":{"alt_text":"Sapphire Foods Devyani International merger","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2026\/01\/Sapphire-Foods-Devyani-International-merger.webp?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2026\/01\/Sapphire-Foods-Devyani-International-merger.webp?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2026\/01\/Sapphire-Foods-Devyani-International-merger.webp?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2026\/01\/Sapphire-Foods-Devyani-International-merger.webp?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":370849,"url":"https:\/\/www.scconline.com\/blog\/post\/2025\/12\/25\/cyril-amarchand-mangaldas-advises-acc-ambuja-merger\/","url_meta":{"origin":249223,"position":2},"title":"Cyril Amarchand Mangaldas acted on proposed amalgamation of ACC Limited with Ambuja Cements Limited","author":"Editor","date":"December 25, 2025","format":false,"excerpt":"The merger involves equity issuance by Ambuja to ACC shareholders and results in a post-merger change in Ambuja\u2019s shareholding structure, marking a significant consolidation in India\u2019s cement sector.","rel":"","context":"In &quot;Law Firms News&quot;","block_context":{"text":"Law Firms News","link":"https:\/\/www.scconline.com\/blog\/post\/category\/news\/law-firms-news\/"},"img":{"alt_text":"CAM advises ACC Ambuja","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2025\/12\/CAM-advises-ACC-Ambuja.webp?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2025\/12\/CAM-advises-ACC-Ambuja.webp?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2025\/12\/CAM-advises-ACC-Ambuja.webp?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2025\/12\/CAM-advises-ACC-Ambuja.webp?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":370996,"url":"https:\/\/www.scconline.com\/blog\/post\/2025\/12\/26\/cyril-amarchand-mangaldas-orient-cement-ambuja-cements-amalgamation\/","url_meta":{"origin":249223,"position":3},"title":"Cyril Amarchand Mangaldas acted on proposed amalgamation of Orient Cement Limited with Ambuja Cements Limited","author":"Editor","date":"December 26, 2025","format":false,"excerpt":"The merger involves equity issuance to Orient shareholders, cancellation of cross-holdings, and regulatory approvals, representing a key consolidation move in India\u2019s cement and infrastructure sector.","rel":"","context":"In &quot;Law Firms News&quot;","block_context":{"text":"Law Firms News","link":"https:\/\/www.scconline.com\/blog\/post\/category\/news\/law-firms-news\/"},"img":{"alt_text":"Ambuja Orient Merger CAM Advisory","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2025\/12\/Ambuja-Orient-Merger-CAM-Advisory.webp?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2025\/12\/Ambuja-Orient-Merger-CAM-Advisory.webp?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2025\/12\/Ambuja-Orient-Merger-CAM-Advisory.webp?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2025\/12\/Ambuja-Orient-Merger-CAM-Advisory.webp?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":297892,"url":"https:\/\/www.scconline.com\/blog\/post\/2023\/07\/28\/sam-advises-both-ubs-and-credit-suisse-on-obtaining-clearance-from-the-competition-commission-of-india-for-their-usd-3-3-billion-merger\/","url_meta":{"origin":249223,"position":4},"title":"SAM advises both UBS and Credit Suisse on obtaining clearance from the Competition Commission of India for their USD 3.3 billion merger","author":"Bhumika Indulia","date":"July 28, 2023","format":false,"excerpt":"Shardul Amarchand Mangaldas advised UBS Group AG (\u201cUBS\u201d) and Credit Suisse Group AG (\u201cCredit Suisse\u201d) on obtaining antitrust clearance and related advisory in India, in relation to their merger. The deal is valued at approximately CHF 3 billion (USD 3.3 billion). Pursuant to the transaction, Credit Suisse has merged with\u2026","rel":"","context":"In &quot;Law Firms News&quot;","block_context":{"text":"Law Firms News","link":"https:\/\/www.scconline.com\/blog\/post\/category\/news\/law-firms-news\/"},"img":{"alt_text":"ubs and credit suisse","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/07\/ubs-and-credit-suisse.webp?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/07\/ubs-and-credit-suisse.webp?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/07\/ubs-and-credit-suisse.webp?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/07\/ubs-and-credit-suisse.webp?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":372096,"url":"https:\/\/www.scconline.com\/blog\/post\/2026\/01\/09\/cyril-amarchand-mangaldas-advises-devyani-international-sapphire-foods-merger\/","url_meta":{"origin":249223,"position":5},"title":"Cyril Amarchand Mangaldas Advises Devyani International on Sapphire Foods Merger","author":"Editor","date":"January 9, 2026","format":false,"excerpt":"Cyril Amarchand Mangaldas advised Devyani International Limited on the merger of Sapphire Foods India Limited with DIL, consolidating Yum! 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