Tribunal Approves Sturrock Acquisition Of Novagroup Without Conditions

The Competition Tribunal has heard the merger between Sturrock Grindrod Maritime (SGM), which is controlled by Grindrod Ltd, and Novagroup, which is controlled by Nueva Pescanova. The Tribunal has approved the transaction without conditions. Once the transaction is completed, SGM will have complete control of Novagroup.   SGM is a company involved in maritime activities such as technical procurement and engineering, distribution and warehousing. SGM also acts as an integrated ships ag

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