Sasol Pension Fund And Luvon Investments (Pty) Ltd; PHG Property Holdings (Pty) Ltd, and Park Road Trading 7 (Pty) Ltd in Respect of 50 Percent Interest in Ferndale on Republic

Case number: LM050Jun22
Case parties: Primary Acquiring Firm: Sasol Pension Fund
Primary Target Firm: Luvon Investments (Pty) Ltd
Case type: Large Merger
Type of merger: Horizontal
Case status: Reasons Issued
Outcome: Approved Subject to Conditions
Order date: 2022-07-29
Sector: Real estate activities
Relevant market: The market for the holding and management of rentable retail properties.
Remedy: 12A(3)(c) ability of small businesses to become competitive
Competition Tribunal Members: Andreas Wessels, Imraan Valodia, Mondo Blessing Mazwai