Tribunal clears Super Group’s Chery dealership acquisition in Mbombela

The Competition Tribunal has unconditionally approved a transaction that will see JSE-listed Super Group acquire a Chery Omoda & Jaecoo dealership in Mbombela, Mpumalanga.

The deal involves Super Group Dealerships, a division of Super Group Trading, taking over the motor dealership business currently operated by Stucky Motors Multi-Franchise. Following the transaction, Super Group will assume sole control of the dealership.

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Super Group operates across the automotive value chain, including the sale of new and used passenger vehicles, light and heavy commercial vehicles, as well as parts, accessories and aftermarket services. In Mbombela, the group already runs several dealerships, including Foton, Jaguar Land Rover and Jetour.

The target business operates a single dealership in Mbombela, selling new and used passenger vehicles under the Chery, Omoda and Jaecoo brands. It also provides parts, vehicle financing and servicing.

The tribunal did not impose any conditions on the transaction.

Super Group’s share price

* Likho Mbuka is a Moneyweb intern.