Caxton and CTP Publishers and Printers Limited (JSE:CAT) agreed to acquire an additional stake in Mpact Limited (JSE:MPT) on June 24, 2021. As reported, Caxton and CTP Publishers and Printers Limited has notified the South African Competition Commission that it has taken a decision to increase its current shareholding in Mpact of approximately 32%, which will likely result in it acquiring control over Mpact. In circumstances where Caxton and CTP Publishers and Printers Limited acquires an interest equal to or greater than 35% in the issued share capital of Mpact, it will be required to make a mandatory offer to shareholders.

notified the Commission that it seeks to obtain merger approval in terms of the Competition Act in advance of triggering the mandatory 0ffer.