South Africa's competition watchdog recommends approval of AngloGold-Harmony deal
(Reuters) - South Africa's competition watchdog said on Friday it had asked the country's Competition Tribunal to approve the proposed acquisition of some of AngloGold Ashanti's <ANGJ.J> assets by Harmony Gold <HARJ.J>, without any conditions.
The Commission said it had found the proposed transaction was unlikely to result in a substantial prevention or lessening of competition in any relevant markets.
AngloGold Ashanti said in February it would sell its remaining South African assets for about $300 million to Harmony, as part of its plan to shrink its portfolio.
(Reporting by Shanima A in Bengaluru; Editing by Aditya Soni)
