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Afgri, Senwes merger given go-ahead from tribunal

26th April 2013

By: Natasha Odendaal

Creamer Media Senior Deputy Editor

  

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The Competition Tribunal has given a con-ditional go-ahead for agriculture firms Afgri Operations and Senwes to merge their retail assets.

The two firms will form a 50:50 joint venture combining their respective farm-ing requisite retail stores, as well as Afgri wholesale subsidiary Partrite.

The retail stores sell a range of key agricul-tural inputs, including fertiliser, animal feed, seed, fuel, vaccinations and crop protection to farmers, as well as nonfarming products, such as hardware and building materials.

Senwes has 28 stores scattered throughout the Free State, the North West province and Gauteng, while Afgri has 38 stores in Gauteng, Mpumalanga, KwaZulu-Natal and the Free State.

“For now, we will proceed with all the steps in the implementation process and our respec-tive teams are in place. In the meantime, we will take all the necessary steps to ensure that the businesses continue uninterrupted,” Senwes MD Francois Strydom said in a statement.

Edited by Martin Zhuwakinyu
Creamer Media Magazine Managing Editor

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