Buying spree of local radio stations
NDAMA NAKASHOLE - A company, co-owned by a South African national, wants to buy four local radio stations.
The mergers and acquisitions division of the Namibian Competition Commission (NaCC) has published the proposed mergers under investigation. One of the proposed transactions involve the acquisition of Radio Kudu, Radio Fresh and Omulunga Radio by a company called Namibia Future Media Holdings (NFMH).
In a separate case published in the same document, NFMH proposed to acquire Radio Wave as a business that is operating and making a profit.
The company wants to acquire all the assets in the four respective radio stations, including their respective broadcasting licences.
Though little information is available regarding NFMH, information by the NaCC states the company is owned by a South African national, Gary Stroeble, and Future Investment Trust.
Market Watch could by the time of going to print not get information as to how far the regulator is with this case.
The NaCC, through a Facebook post on its page in May, invited the public to a stakeholders’ conference on the four radio mergers which took place on 17 May.
“The commission will be hosting a stakeholders’ conference on the proposed merger between Radio Kudu (Pty) Ltd, Radio Fresh (Pty) Ltd, Omulunga Radio (Pty) Ltd and Radio Wave cc. All interested parties are invited to attend the conference to share their views on the proposed mergers. Stakeholders are also encouraged to make verbal or written submissions on the mergers before or at the conference,” the NaCC said in the Facebook post.
Ownership
Stroeble co-owns NFMH with Future Investment Trust, the NaCC document shows. According to the NaCC document, Future Investment Trust is owned and controlled by Bravura Administration Services, “a wholly-owned subsidiary of Bravura Namibia.
Bravura Namibia’s Monica Bohm yesterday said they are not directly involved as shareholders in NFMH. “We are just assisting the client with fundraising,” she said.
Bravura Holdings is listed on the Namibian Stock Exchange (NSX) and the bourse in Mauritius. The group is involved in investment banking, provision of corporate finance and structure solutions, as well as trust and company administration services.
The mergers and acquisitions division of the Namibian Competition Commission (NaCC) has published the proposed mergers under investigation. One of the proposed transactions involve the acquisition of Radio Kudu, Radio Fresh and Omulunga Radio by a company called Namibia Future Media Holdings (NFMH).
In a separate case published in the same document, NFMH proposed to acquire Radio Wave as a business that is operating and making a profit.
The company wants to acquire all the assets in the four respective radio stations, including their respective broadcasting licences.
Though little information is available regarding NFMH, information by the NaCC states the company is owned by a South African national, Gary Stroeble, and Future Investment Trust.
Market Watch could by the time of going to print not get information as to how far the regulator is with this case.
The NaCC, through a Facebook post on its page in May, invited the public to a stakeholders’ conference on the four radio mergers which took place on 17 May.
“The commission will be hosting a stakeholders’ conference on the proposed merger between Radio Kudu (Pty) Ltd, Radio Fresh (Pty) Ltd, Omulunga Radio (Pty) Ltd and Radio Wave cc. All interested parties are invited to attend the conference to share their views on the proposed mergers. Stakeholders are also encouraged to make verbal or written submissions on the mergers before or at the conference,” the NaCC said in the Facebook post.
Ownership
Stroeble co-owns NFMH with Future Investment Trust, the NaCC document shows. According to the NaCC document, Future Investment Trust is owned and controlled by Bravura Administration Services, “a wholly-owned subsidiary of Bravura Namibia.
Bravura Namibia’s Monica Bohm yesterday said they are not directly involved as shareholders in NFMH. “We are just assisting the client with fundraising,” she said.
Bravura Holdings is listed on the Namibian Stock Exchange (NSX) and the bourse in Mauritius. The group is involved in investment banking, provision of corporate finance and structure solutions, as well as trust and company administration services.
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