Merger Alert: Tribunal approves merger whereby WBHO sells student accommodation property
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 Tribunal has unconditionally approved the proposed merger whereby WBHO Construction (Pty) Ltd (“WBHO”) is selling its undivided share in the student accommodation property letting enterprise known as “Units on Park Street” (“the target business”) to the company Units on Park Street (Pty) Ltd (“Units on Park Street”).
Type of matter
Large merger
Parties involved
Units on Park Street (Pty) Ltd and WBHO Construction (Pty) Ltd in respect of an undivided share in the Units on Park assets
Tribunal Decision
Approved without conditions
Issued By
Gillian de Gouveia, Communications Manager
On behalf of the Competition Tribunal of South Africa
Units on Park Street (Pty) Ltd and WBHO Construction (Pty) Ltd in respect of an undivided share in the Units on Park assets
The Tribunal has unconditionally approved the proposed merger whereby WBHO Construction (Pty) Ltd (“WBHO”) is selling its undivided share in the student accommodation property letting enterprise known as “Units on Park Street” (“the target business”) to the company Units on Park Street (Pty) Ltd (“Units on Park Street”).
The primary acquiring firm, Units on Park Street, is a property investment company. WBHO is engaged in civil engineering and building construction activities The target business is located in Hatfield, in Gauteng, and comprises the student accommodation property known as “Units on Park Street” and all leases in that respect.
