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Namibia: Tire merger plans kick-off next March

By  |  December 4, 2013

Investment holding firm Nictus announced plans to acquire Trentyre in a deal worth more than $3 million, say reports.

The companies said they plan to finalize the deal next March, when they also expect clearance from the Namibian Competition Commission.

As part o the buyout, Nictus has agreed to continue operating Trentyre operations as normal, which include commercial contracts with Goodyear South Africa.

Nictus is the holding company for various retail furniture operations within Nigeria, according to its website.

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