South Africa's competition watchdog has cleared a potential move from local food group Libstar Holdings to buy Natural Herbs and Spices.

The Competition Commission of South Africa said today (18 June) it had approved the prospective deal without conditions.

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However, the transaction has not yet been finalised. "Although approved by the competition board, [the] deal [is] not finalised as we are still busy with the due diligence," Libstar executive director André Naudé told just-food in an emailed response to questions about the reasons for the group's move. He could not be reached for further comment.

Libstar, which is majority-owned by UAE-based private-equity firm Abraaj, already sells herbs and spices through its Cape Herb & Spice division.

Natural Herbs and Spices' range includes rubs, bread dippers, herbs, spices and pestos.

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