South Africa Minister Appeals Block of $730 Million Vodacom Deal
- Ministry oversees antitrust watchdog that blocked the deal
- Vodacom, Remgro plan to also appeal the blocking of the deal
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South Africa’s minister of trade, industry and competition is appealing an order by the nation’s Competition Tribunal that blocked Vodacom Group Ltd.’s 13.2 billion-rand ($730 million) deal to buy a stake in Remgro Ltd.’s fiber businesses.
Parks Tau, whose ministry also oversees the competition regulators in the country, is seeking to overturn the decision and allow the merger to proceed, according to the appeal document seen by Bloomberg News.