Tough conditions set for Ram�s acquisitions

Ottapathu
Ottapathu

The Competition Authority (CA) has barred local retail giant, Choppies Enterprises from entering the branded consumer electronics goods market for five years while CEO, Ramachandran Ottapathu has been ordered to divest from five of his private companies.

The restrictions were announced by the CA this week as it set out conditions to prevent any possible competition concerns that may arise from Ottapathu’s proposed acquisition of Warbler Holdings.

Ottapathu, through his company called Bluehearts (Pty) Ltd, seeks to acquire the entire issued shareholding of Warbler Holdings, a holding company for four firms, IT4 Africa (Pty) Ltd, Goldtech Enterprises (Pty) Ltd, Healthwest Africa (Pty) Ltd and Solid Logistics (Pty) Ltd.

Editor's Comment
UDC should deliver on promises

President Duma Boko and his government must now hit the ground running to deliver on their promises and meet the high expectations of Batswana. The UDC has pledged to foster a deliberative democracy, where open dialogue and continuous conversations are encouraged. This approach will allow different viewpoints to be heard and strengthen the ideas that shape our nation. The introduction of the long-awaited Freedom of Information Act (FOIA) is a...

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