Merger Alert: U Reit Collins (Pty) Ltd And Collins Property Projects (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 Tribunal has unconditionally approved this transaction in terms of which U Reit Collins (Pty) Ltd ("U Reit”) acquired joint control over Collins Property Projects (Pty) Ltd ("Collins").
Type of matter
Large merger
Parties involved
U Reit Collins (Pty) Ltd And Collins Property Projects (Pty) Ltd
Tribunal Decision
Approved without conditions
Issued By
Gillian de Gouveia, Communications Manager
On behalf of the Competition Tribunal of South Africa
The Tribunal has unconditionally approved this transaction in terms of which U Reit Collins (Pty) Ltd ("U Reit”) acquired joint control over Collins Property Projects (Pty) Ltd ("Collins").
Prior to the transaction, the acquiring group was active in the leasing of retail and residential properties while the target group held a portfolio of retail, office, and industrial properties.
The transaction is found not to substantially prevent or lessen competition in any market in South Africa and did not raise any public interest concerns.
