COMPETITION
The Competition Tribunal has granted paper and plastics packaging manufacturer Mpact leave to intervene in the intermediate merger proceedings between paper packaging company Corruseal and recycled containerboard company Neopak.
In March, the Competition Commission prohibited the proposed intermediate merger, following which the merger parties filed a request for consideration with the tribunal, seeking to have the proposed merger unconditionally approved or, alternatively, to have it approved with conditions deemed appropriate by the tribunal.
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