By: Nghiinomewa-vali Erastus
The Namibia Competition Commission has fined Choppies Retailer N$2.2 million for acquiring Grootfontein Supermarket and Grootfontein Bottle Store without notifying the regulator.
Choppies was fined after the Commission’s investigation found that they contravened Section 44 read with Sections 51 and 53 of the Competition Act.
According to NaCC, Choppies and Mr Johannes Jacobus De Jager who owned the Grootfontein Supermarket and Grootfontein Bottle Store, entered into an agreement between 12 and 19 May 2022, which could have been subject to the Competition Act.
The acquisition by Choppies constituted a change of control in Grootfontein Supermarket and Grootfontein Bottle Store.
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