Merger Alert: Redefine Properties Ltd And Mall Of The South (Pty) Ltd
Notice
The following Merger Alert is for information purposes only and is not binding on the Competition Tribunal or any member of the Tribunal
Lead Text
The Competition Tribunal (“Tribunal”) has unconditionally approved the merger whereby Redefine Properties Ltd (“Redefine”) intends to acquire Mall of the South (Pty) Ltd (“Mall of the South”).
Type of matter
Large merger
Parties involved
Redefine Properties Ltd and Mall of the South (Pty) Ltd
Tribunal Decision
Approved without conditions
Issued By
Gillian de Gouveia, Communications Manager
On behalf of the Competition Tribunal of South Africa
Redefine Properties Ltd and Mall of the South (Pty) Ltd
The Competition Tribunal (“Tribunal”) has unconditionally approved the merger whereby Redefine Properties Ltd (“Redefine”) intends to acquire Mall of the South (Pty) Ltd (“Mall of the South”).
The acquiring group (Redefine and all the firms directly and indirectly controlled by it) is active in the property sector, with a property portfolio comprising a diverse range of properties including office, retail, residential and industrial space throughout South Africa.
Mall of the South is a super-regional centre situated in Gauteng and comprises rentable retail space.
