Commission recommends approval of Stanlib Fund II’s buyout of SCDA 3

The Competition Commission has recommended that the Competition Tribunal approve the proposed transaction whereby Stanlib Fund II intends to acquire Solar Capital De Aar 3 (SCDA 3), without conditions. Stanlib Fund II is involved in the provision of financial services and SCDA 3 is a solar photovoltaic (PV) independent power producer (IPP) in the Northern Cape.