FIN & LAW Client Update:
Changes on Merger and Acquisition threshold notification
On 2nd June, 2017 the Fair Competition Commission of Tanzania issued a new regulation regarding the threshold for notification of Merger in Tanzania. The regulation which is titled, The Fair Competition (Threshold for notification of Merger) (Amendment) Order, 2017 has been published through the Government Notice No. 222 of 02nd June, 2017.
The regulation which amends the previous similar regulation, has increased the threshold for notification of a Merger in Tanzania to Tanzanian Shillings Three Billion Five Hundred Million (TZS 3,500,000,000). The amount is to be calculated on the total value of assets or turnover of the merging firms.
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