The Competition Tribunal has, subject to public interest-related conditions, approved the proposed merger in which Ivlyn Consolidated Holdings (Pty) Ltd (“Ivlyn”) intends to acquire shareholding in East Rand Value Mart (Pty) Ltd (the “target firm”).

The acquiring group (Ivlyn, its controlling firms and its subsidiaries) owns shopping centres in various provinces. Retail properties owned by the acquiring group in Gauteng are relevant to the transaction.

The target firm is a property holding company which owns the East Rand Value Mall, a community shopping centre situated in Boksburg, in Gauteng.