The Competition Tribunal conditionally approved the tie-up between Tegeta Exploration and Resources and embattled Optimum Coal as the deal did not present competition concerns. Unpacking the reasons for giving the green light for Oakbay Investments- and Mabengela Investments-controlled Tegeta’s takeover of Optimum assets, the tribunal said that, overall, a post-merger Tegeta would supply less than 5% of State-owned Eskom’s coal requirements.
