Competition Tribunal – South Africa prohibits merger between two decorative paints companies

The Competition Tribunal – South Africa (CTSA), in an appeal filed against the order prohibiting acquisition of majority stake by Akzo Nobel N.V. (Dulux) in Kansai Plascon Africa Ltd (Plascon), passed by Competition Commission – South Africa (CCSA), has upheld the CCSA’s order & prohibited the proposed acquisition, on the ground that the acquisition would likely result in a substantial lessening of competition in the “market for the manufacture and supply of decorative coatings in South Africa.”