Large Mergers

Large Mergers

45/LM/Apr08

TitlePSG Financial Services and ZS Rational
Case No45/LM/Apr08
PartiesPSG Financial Services Limited and ZS Rational (Pty)Ltd And Quince Scripfin (Pty)Ltd
StatusApproved
Rating1
Date14/07/2008
Time10:00:00
Summary

The Competition Tribunal unconditionally approved the merger between PSG Financial Services and ZS Rational Holding & Quince Scripfin. The parties to this transaction will unwind their interest and return all shareholders to their respective position. The unwinding process will involve the following: • PSG Financial Services intends to acquire 79.91% share and the trustees - for the time being of the Kalander Trust - intends to acquire 20.09% share in ZS Rational. ZS Rational will thereafter acquire the entire issued share capital of Quince Scripfin. • On a separate but related transaction, Reunert intends to purchase all the ordinary shares in Quince Capital from PSG Financial Services and Kalander Trust, resulting in Reunert owning 100% share in Quince Capital. On completion of the PSG transaction, PSG will own ZS Rational and ZS Rational will own Quince Scripfin. On completion of the Reunert transaction, Reunert will own the entire issued share capital of Quince Capital.

Keywordslarge merger, financial services, stock brocking, loan finance, national
SourceCompetition Tribunal
Reasons and Orders45LMApr08              
Date Posted14/10/2010 4:26pm
All Other Case DocumentsNo documents available