Merger Alert: outcome of mergers decided by the Tribunal - 4 October 2022

Community Property Company (Pty) Ltd And Luvon Investments (Pty) Ltd, Shoprite Checkers (Pty) Ltd and Falcon Forest Trading 89 (Pty) Ltd in respect of property situated at the corner of the N4 and Matthews Phosa Street, Emalahleni, Mpumalanga (Known as KG Mall)

The Tribunal has unconditionally approved the proposed large merger whereby Community Property Company (Pty) Ltd (“CPC”) intends to acquire the rental enterprise known as KG Mall (“the target property”) from Luvon Investments (Pty) Ltd, Shoprite Checkers (Pty) Ltd and Falcon Forest Trading 89 (Pty) Ltd (“the sellers”).

CPC is a property holding and investment company, specialising in acquiring new and existing shopping centres that cater for underserviced South African communities. The target property is a rentable shopping centre situated in Witbank.

K2022451328 (South Africa) (Pty) Ltd And Preference Capital (Pty) Ltd

The Tribunal has unconditionally approved the proposed large merger whereby K2022451328 (South Africa) (Pty) Ltd (“K2022”) intends to acquire an interest in Preference Capital (Pty) Ltd (“PrefCap”).

K2022, is controlled by Old Mutual Emerging Markets (Pty) Ltd. The Old Mutual Group is active in the financial services and insurance sectors in South Africa and other African countries. The PrefCap Group predominantly provides lending services to all industries within the small and medium-sized enterprises (“SME”) market.

Issued by:

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