Merger Alert: Outcome of mergers decided by the Tribunal – 13 July 2023
| Type of matter | Parties involved | Tribunal Decision |
| Large merger | Kalander Ekwiteit (Pty) Ltd And Potwil (Pty) Ltd, Pottwee (Pty) Ltd, Potdrie (Pty) Ltd, Potvier (Pty) Ltd | Approved without conditions |
| Large merger | Sun Valley Investments (Pty) Ltd And the property and shopping centre known as Sun Valley Mall | Approved with conditions |
Kalander Ekwiteit (Pty) Ltd And
Potwil (Pty) Ltd, Pottwee (Pty) Ltd, Potdrie (Pty) Ltd, Potvier (Pty) Ltd
The Tribunal has unconditionally approved the proposed merger which comprises an internal restructuring in terms of which Kalander Ekwiteit (Pty) Ltd (“Ekwiteit”) intends to acquire Potwil (Pty) Ltd (“Potwil”), Pottwee (Pty) Ltd (“Pottwee”), Potdrie (Pty) Ltd (“Potdrie”) and Potvier (Pty) Ltd (“Potvier”).
The acquiring group comprises companies within an investment holding structure. They do not produce any products or offer any services.
The target firms do not have any business activities.
Sun Valley Investments (Pty) Ltd And
the property and shopping centre known as Sun Valley Mall
The Tribunal has approved, subject to procurement related conditions, the proposed merger in terms of which Sun Valley Investments (Pty) Ltd (“Sun Valley Investments”) intends to acquire the Sun Valley Mall ("Sun Valley Mall") from Shoprite Checkers (Pty) Ltd ("Shoprite").
The acquiring group is a property holding and investment company that owns a diversified portfolio of retail, industrial, commercial and specialised properties in South Africa.
The Sun Valley Mall is a community shopping centre located in Cape Town, in the Western Cape. It contains various retail shops including a Checkers Hyper, Dischem Pharmacy, Virgin Active and Tiger Wheel and Tyre, among other tenants.
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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