ECP commitments on Burger King deal doesn’t satisfy Competition Commission
The regulatory Commission refused the pan-African capital investor’s takeover of the restaurants in the country due to the disappearance of a “disadvantaged” shareholder base. However, the company has offered pledges to guarantee minority employment.
07/06/2021 at 16h14, by Africa Business+
“ECP has made a formal commitment to the Competition Commission to create jobs for 1,250 historically disadvantaged individuals (HDI) over the next five years and increase the wage bill by more than R120 million,” said Managing Director Paul Maasdorp and partner at Emerging Capital Partners (ECP).
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