UPWARD TRADING ACQUIRES 100% SHAREHOLDING IN 930 INVESTMENTS

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UPWARD TRADING ACQUIRES 100% SHAREHOLDING IN 930 INVESTMENTS
UPWARD TRADING ACQUIRES 100% SHAREHOLDING IN 930 INVESTMENTS

Africa-Press – Eswatini. During the third quarter of 2023/24, the Eswatini Competition Commission approved the acquisition by Upwards Trading (Pty) Ltd of the entire shareholding in 930 Investments (Pty) Ltd.

The acquiring firm Upward Trading is a company incorporated and registered in terms of the company laws of Eswatini. Upward Trading is involved in providing wheel alignment and fitting services. The company does not own any commercial property in Eswatini.

The target firm 930 Investments is a property holding company that is incorporated and registered in terms of the company laws of Eswatini. 930 Investments is the registered owner of Portion 180 of Farm No. 2 situated in the urban area of Mbabane. The Secretariat considered the products of the firms and concluded that the relevant market was commercial property in Mbabane. Countervailing power and barriers to entry will not be affected, hence the transaction is unlikely to result in the substantial lessening or prevention of competition. Therefore, the transaction was approved without conditions.

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