COMPETITION TRIBUNAL APPROVES RAUBEX BUYOUT OF BAUBA

By Eamonn Ryan

• The Competition Tribunal has unconditionally approved a merger between the Raubex Group and Bauma Resources
• Raubex intends to acquire issued share capital in Bauba Resources
• Post-merger, Raubex will attain sole control over Bauba

The Tribunal has unconditionally approved the merger wherein Raubex Group Limited (‘Raubex Group’), through its subsidiary Raubex (Pty) Ltd (‘Raubex’) intends to acquire issued share capital in Bauba Resources Limited (‘Bauba’). Post-merger, Raubex will attain sole control over Bauba.

The Raubex Group of companies is one of South Africa’s leading infrastructure development and construction materials supply groups. Bauba is a mining and exploration company with a primary focus on mining chrome ore and the exploration of platinum group metals (‘PGM’).

The Competition Tribunal has unconditionally approved a merger between infrastructure development and construction materials supply company Raubex and mining and exploration company Bauba Resources.

This follows Raubex Group, through its subsidiary Raubex, in November 2021 expressing intent to acquire all the issued share capital in Bauba.

Bauba has a primary focus on mining chrome ore and exploring for platinum group metals.