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SOUTH AFRICA: Distell merger under investigation

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Far reaching consequences could result from South Africa's Competition Tribunal findings that the merger between Distillers' Corporation and Stellenbosch Farmers' Winery was a notifiable transaction. The Tribunal presented its findings in Pretoria late yesterday and in its summary it found that although there were three major shareholders, there was no conclusive evidence that they operated together in directly controlling the direction of SFW and Distillers.


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