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VELMA Law
VELMA Law, Dar es Salaam Tanzanian Law Firm
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By Fair Competition (Threshold for Notification of a Merger) (Amendment) Order 2017 the threshold for notification of a merger has been increased from TZS 800,000,000 (about USD 360,000) to TZS 3,500,000,000 (about USD 1,500,000).
“Merger” means an acquisition of shares, business or other assets, whether inside or outside Tanzania, resulting in the change of control of a business, part of a business or an asset of a business in Tanzania.
The threshold is calculated based on the combined market value of assets or turnover of the merging firms.
NOTE: This has been prepared for general information purposes for any interested persons, it is not comprehensive information on the subject matter and it should not be regarded as legal advice.