Merger Alert: Woolworths (Pty) Ltd And Micawber 463 (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 the large merger between Woolworths (Pty) Ltd (“Woolworths”) and Micawber 463 (Pty) Ltd (“Micawber 463”). In terms of the proposed transaction, Woolworths will acquire the remaining extent of Erf 31564 Pinetown (“target property”) from Micawber 463.
Type of matter
Large merger
Parties involved
Woolworths (Pty) Ltd And Micawber 463 (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 the large merger between Woolworths (Pty) Ltd (“Woolworths”) and Micawber 463 (Pty) Ltd (“Micawber 463”). In terms of the proposed transaction, Woolworths will acquire the remaining extent of Erf 31564 Pinetown (“target property”) from Micawber 463.
The Woolworths Group operates a chain of retail stores offering a range of clothing, food, homeware, beauty, and financial services. In addition, it owns various retail, industrial, and office property across South Africa. The target property is a rentable light industrial property located in Pinetown, KwaZulu-Natal.
