Tribunal clears WBHO’s acquisition of solar project specialist, Zamori
The Competition Tribunal (“Tribunal”) has approved, without conditions, a merger in which WBHO Construction (Pty) Ltd (“WBHO”) will acquire shares in Zamori 172 (Pty) Ltd (“Zamori”). Upon implementation of the merger, WBHO will have sole control of Zamori.
WBHO forms part of a broader group active in building and civil engineering projects across South Africa. Relevant to this transaction are the group’s activities in renewable energy projects, where it typically operates as a main contractor under Engineering, Procurement and Construction (“EPC”) contracts. In this role, it assumes overall responsibility for project delivery and may subcontract specific aspects of the work to specialised subcontractors and suppliers.
Zamori, which trades as DPRO Project Management Services, is a project management and specialist installation firm focused on solar energy projects, primarily in the Free State and North West. Its activities include the installation of solar project components, limited procurement of installation materials and management of the installation phase of solar farm projects, including project design, engineering and procurement.
Tribunal approves AttBid / RMB Holdings transaction
The Tribunal has unconditionally approved a transaction in which AttBid (Pty) Ltd (“AttBid”) intends to make an offer to shareholders of RMB Holdings Ltd (“RMH”) to acquire all of their shares in RMH, excluding those held by Atterbury Property Fund (Pty) Ltd and certain treasury shares. Should the offer be fully accepted, AttBid would increase its shareholding in RMH to a level that may confer control.
AttBid is a newly established investment vehicle, created specifically for purposes of the transaction. RMH, which is listed on the Johannesburg Stock Exchange, operates as an investment holding company with a focus on the South African property sector. The Atterbury Group is active in property development, investment and management.