Futuregrowth Asset Management (Pty) Ltd (Acting As Agent for Old Mutual Life Assurance Company (South Africa) Limited) And Citiq Treasury (Pty) Ltd and Citiq Property Services (Pty) Ltd 7th Floor, Anchor House, 100 Juta Street, Braamfontein, Johannesburg, 2001

Case number: LM097Jun18

Case parties:

Primary Acquiring Firm: Futuregrowth Asset Management (Pty) Ltd Primary Target Firm: Citiq Treasury (Pty) Ltd

Case type: Large Merger
Type of merger: Horizontal
Case status: Reasons Issued
Outcome: Approved
Order date: 2018-08-08
Sector: Real estate activities
Industry: Real estate activities with own or leased property
Relevant market: The market for the provision of (i) rentable retail space in convenience centres within an 8km radius of 27 Boxes (ii) rentable residential property in Johannesburg CBD (iii) student accommodation in Johannesburg CBD.
Competition Tribunal Members: Andreas Wessels, Andiswa Ndoni, Medi Mokuena

Case Files

Reasons for Decision

105,6KB