|Title||PSG Financial Services and ZS Rational|
|Parties||PSG Financial Services Limited and ZS Rational (Pty)Ltd And Quince Scripfin (Pty)Ltd|
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.
|Keywords||large merger, financial services, stock brocking, loan finance, national|
|Reasons and Orders||45LMApr08|
|Date Posted||14/10/2010 4:26pm|
|All Other Case Documents||No documents available|