Perseus Mining Ltd (ASX:PRU, TSX:PRU, OTC:PMNXF) is confident of receiving unconditional merger control approval from the Tanzanian Fair Competition Commission (FCC) regarding its off-market takeover bid for OreCorp Ltd.
In a first supplementary bidder’s statement issued today, Perseus said that the FCC had issued it with a notice of complete finding.
This confirmed the FCC’s acceptance of Perseus’ FCC merger clearance request and stated that no further information or documents were required by the FCC to consider the merger clearance request.
Review underway
As a result, the FCC has begun the review and investigation of the offer to determine whether it is likely to harm competition and a public notice period has been initiated that is scheduled to close on February 20, 2024.
This process is in line with the FCC’s role to promote and protect effective competition in trade and commerce in Tanzania.
As Perseus does…
