The Competition Tribunal has unconditionally approved the merger in which Propsky Holdings (Pty) Ltd (“Propsky Holdings”) will acquire 19 properties from Propsky 3 Properties (Pty) Ltd and Propsky 13 Properties (Pty) Ltd. Following the transaction, Propsky Holdings will control the 19 properties.
The acquiring group, which includes Propsky Holdings and its controlling firms, is an investment entity with interests spanning property, mining, manufacturing and other strategic equity investments. It owns interests in retail, office, residential, industrial and farming properties in Gauteng and KwaZulu-Natal.
The 19 properties are located across the Eastern Cape, grouped into nodes in Gqeberha, Jeffreys Bay, Uitenhage, East London and King William’s Town.
The acquiring group, which includes Propsky Holdings and its controlling firms, is an investment entity with interests spanning property, mining, manufacturing and other strategic equity investments. It owns interests in retail, office, residential, industrial and farming properties in Gauteng and KwaZulu-Natal.
The 19 properties are located across the Eastern Cape, grouped into nodes in Gqeberha, Jeffreys Bay, Uitenhage, East London and King William’s Town.