Merger Alert: Fedbond Nominees (Pty) Ltd And Phoenix Property Fund SA (Pty) Ltd

 21 May 2025

 

The following Merger Alert is for information purposes only and is not binding on the Competition Tribunal or any member of the Tribunal

 

Type of matter

Parties involved

Tribunal Decision

Large merger

Fedbond Nominees (Pty) Ltd And Phoenix Property Fund SA (Pty) Ltd

Approved without conditions


The Competition Tribunal has unconditionally approved the proposed merger in which Fedbond Nominees (Pty) Ltd (“Fedbond Nominees”) intends to acquire various rentable retail properties (“target properties”) from Phoenix Property Fund SA (Pty) Ltd. Post merger, Fedbond Nominees will acquire sole control over the target properties.

 

The acquiring group (Fedbond Nominees, its controlling entities and subsidiaries) offers a range of financial services to the public.

 

The target properties are letting enterprises comprising retail properties.

 


Issued by:

Gillian de Gouveia, Communications Manager
On behalf of the Competition Tribunal of South Africa
Cell: +27 (0) 82 410 1195
E-Mail: GillianD@comptrib.co.za
Twitter: @comptrib

 


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