R2m set­tle­ment is reached

The Star Early Edition - - NEWS -

BIDVEST Group has agreed to pay a R2 mil­lion set­tle­ment for tak­ing over the con­trol of Ad­cock Ingram be­fore the merger of the two com­pa­nies was ap­proved by the Com­pe­ti­tion Tri­bunal. “In or­der to avoid pro­tracted and ex­pen­sive lit­i­ga­tion, the re­spon­dents have, with­out ad­mit­ting guilt, reached a set­tle­ment with the Com­pe­ti­tion Com­mis­sion which has been con­firmed by the Com­pe­ti­tion Tri­bunal.

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