Notice in the Government Gazette
Notice of an Investigation into the Proposed Acquisition of 100% Shareholding in Lobels Holdings (Private) Limited by Mega Market (Private) Limited
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ITis hereby notified,thattheCompetition and Tariff Commission, in terms of section 28 of the Competition Act [Chapter 14:28], has commenced an investigation into the proposed acquisition of one hundred per centum (100%) shareholding in Lobels Holdings
(Private) Limited (“Lobels”) by Mega Market (Private) Limited (“Mega Market”).
Lobels is a Zimbabwean registered company, which manufactures
and distributes bread and confectioneries. Mega Market is a privately owned Zimbabwean company that operates as a manufacturer and
distributor of fast moving consumer goods.
In addition, Mega Market
wholly owns Mega Market Milling (Private) Limited, a maize and
wheat milling company.
The Commission wants to determine whether the proposed merger is likely to substantially lessen the degree of competition in Zimbabwe or any substantial part of it; or is likely to result in the creation of a monopoly situation which is or will be contrary to
public interest as provided in s32(4) of the Act.
The investigation also seeks to ascertain how the merging parties, and other related players operate in the market before the merger as well as envisage
how the merging parties will operate should the transaction be
approved by the Commission and any other related issues.
In view of the foregoing, the Commission hereby gives notice to all interested stakeholders and the public to submit their written representations to the Commission stating how the proposed merger under investigation will affect them as well as addressing issues
highlighted above, not later than Friday, 31st July 2026.
Emails may be sent to director@competition.co.zw or submit
hard copies to: The Director Competition and Tariff Commission
No. 23, Broadlands Road, Emerald Hill, Harare, Zimbabwe.
If you wish to seek further details and/or clarification on the
Commission’s investigation, you may contact Jean’e Shonge, on Tel:
(+263) 771 294 952/(+263) 242 853127-32/ or e-mail:
jshonge@competition.co.zw
All representations submitted to the Commission will be treated
in strict confidence and will only be used for the purpose of this
investigation.
E. RUPARANGANDA,
24-7-2026.
Director Competition and Tariff Commission