South Africa’s Competition Commission has recommended the Competition Tribunal to conditionally approve the proposed merger between Gupta-owned Tegeta Exploration, Glencore’s Optimum coal mine and six target firms. The commission found that the proposed transaction was unlikely to substantially prevent or lessen competition in the thermal coal market, as merging parties were smaller players in this market and faced competition from larger rivals such as Anglo American, Exxaro Coal and South 32.
