Merger Alert: Vukile Property Fund Limited And Pan Africa Shopping Centre
Kennisgewing
Die volgende samesmeltingswaarskuwing is slegs vir inligtingsdoeleindes en is nie bindend vir die Mededingingstribunaal of enige lid van die Tribunaal nie
Lead Text
The Tribunal has unconditionally approved the large merger whereby Vukile Property Fund Limited (“Vukile”) intends to acquire the rental enterprise known as Pan Africa Shopping Centre (“target property”) as well as its future expansion.
Tipe materie
Large merger
Partye betrokke
Vukile Property Fund Limited And Pan Africa Shopping Centre
Tribunaalbeslissing
Approved without conditions
Uitgereik deur
Gillian de Gouveia, Communications Manager
On behalf of the Competition Tribunal of South Africa
The Tribunal has unconditionally approved the large merger whereby Vukile Property Fund Limited (“Vukile”) intends to acquire the rental enterprise known as Pan Africa Shopping Centre (“target property”) as well as its future expansion.
The primary acquiring firm, Vukile, is a property holding firm listed on the Johannesburg Securities Exchange and the Namibian Stock Exchange. It owns a portfolio of retail letting enterprises in South Africa.
The target property is controlled by Pan African Development Company (Pty) Ltd (“PanDev”). It is a lettable retail shopping centre located in Alexandra, Johannesburg.
