Mergers & Acquisitions
The review of mergers and acquisitions of shares or assets, including joint ventures, pursuant to §11 of the Act are among the functions and responsibilities of the Mergers and Acquisitions Department.
To assist undertakings contemplating a merger or acquisition that desire to get an informal and non-binding view of the Commission, the department operates the Acquisitions and Mergers Facilitation Office (AMFO), which plays an advisory role and guides any undertaking or undertakings that are foreseeing a merger or acquisition activity.
The procedure adopted by the department for examining the application and issuance of a “No objection certificate (NOC)” is detailed in the guidelines on merger . The Act gives 30 days for the completing the first phase review and 90 days if the matter requires a detailed second phase review.