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.

 

 

 

 

 

 

 

 

 

 

 

This publication has been prepared for general information on matters of interest only. It does not constitute legal opinion or professional advise. You should not act upon the information contained in this publication without obtaining specific professional advise. No representation or warranty (express or implied) is given to the accuracy or completeness of the information contained in this publication. FIN & LAW does not accept or assume any liability, responsibility or duty of care for any consequences or inconvenience for any consequences of you or anyone else acting or refraining to act, in reliance on the information contained in this publication or any decision based on it.

 

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