The Competition Commission of South Africa has approved without conditions the proposed launch of an ice cream joint venture in the country – Froneri – by Nestle and R&R Ice Cream.
The commission said yesterday (14 July) that the plans raised no public interest concerns and were “unlikely to substantially prevent or lessen competition in any market”.
Go deeper with GlobalData
Nestle and PAI Partners, the private-equity owner of R&R Ice Cream, will have equal equity stakes in Froneri. The deal, which is subject to various regulatory approvals, came six months after Nestle and UK-based R&R Ice Cream announced they had started talks over a possible venture.
PAI Partners has owned R&R Ice Cream since 2013 after buying the business from private-equity peer Oaktree Capital Management. Last June, R&R named former PepsiCo and Reckitt Benckiser executive Daniel Martinez as the new CFO of the UK-based business.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
