Metropolitan and Momentum  Metropolitan and Momentum - 9
December 2010   (Following is a guideline for journalists. The
information can be used but please do not quote Kasturi
Moodaliyar or the Tribunal)  1. Proposed Large Merger between
Metropolitan Holdings Limited and Momentum Group Limited   On 14
October 2010 the Tribunal announced the approval of the merger
between Metropolitan Holdings Limited (Metropolitan) and
Momentum Group Limited (Momentum) subject to conditions. The
merging parties applied for a variation to the conditions
imposed by the Tribunal in respect of clarifying the definition
of the term retrenchments and to better define the class of
persons falling into the category of senior employees.  Today
the Tribunal releases its reasons for the decision and the
variation application.   The Tribunal held that there are no
competition concerns arising in any of the potential relevant
markets affected by the proposed merger. There was only one
public interest concern being the effect the merger wi