Merger Alert: Woolworths (Pty) Ltd And Micawber 463 (Pty) Ltd

The Tribunal has unconditionally approved the large merger between Woolworths (Pty) Ltd (“Woolworths”) and Micawber 463 (Pty) Ltd (“Micawber 463”). In terms of the proposed transaction, Woolworths will acquire the remaining extent of Erf 31564 Pinetown (“target property”) from Micawber 463.

The Woolworths Group operates a chain of retail stores offering a range of clothing, food, homeware, beauty, and financial services. In addition, it owns various retail, industrial, and office property across South Africa. The target property is a rentable light industrial property located in Pinetown, KwaZulu-Natal.

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