Construction federation challenges Ohorongo-Cheetah cement merger
The Construction Industries Federation of Namibia (CIF) has called for the Ohorongo-Cheetah cement merger to be withdrawn, warning it threatens competition and local contractors. The call follows industries, mines and energy minister Modestus Amutse’s decision earlier this month to overturn the Namibia Competition Commission’s (NaCC) ruling blocking the transaction. Whale Rock, which owns Cheetah Cement, […] The post Construction federation challenges Ohorongo-Cheetah cement merger appeared firs
The Construction Industries Federation of Namibia (CIF) has called for the Ohorongo-Cheetah cement merger to be withdrawn, warning it threatens competition and local contractors.
The call follows industries, mines and energy minister Modestus Amutse’s decision earlier this month to overturn the Namibia Competition Commission’s (NaCC) ruling blocking the transaction.
Whale Rock, which owns Cheetah Cement, applied to buy all shares of Schwenk Namibia, which owns Ohorongo Cement, last February.
