Merger Alert: Hyprop Investment Ltd and the Trustees for the time being of the Table Bay Mall Property Trust in respect of the rental enterprise known as Table Bay Mall
Qaphela
Lesi Isaziso Sokuhlanganisa esilandelayo senzelwe izinjongo zolwazi kuphela futhi asibophezeli ku-Competition Tribunal nanoma yiliphi ilungu le-Tribunal.
Lead Text
The Tribunal has unconditionally approved the merger wherein Hyprop Investments Ltd (“Hyprop”) intends to acquire the rental enterprise known as Table Bay Mall as a going concern.
Uhlobo lwendaba
Large merger
Amaqembu ahilelekile
Hyprop Investment Ltd and the Trustees for the time being of the Table Bay Mall Property Trust in respect of the rental enterprise known as Table Bay Mall
Isinqumo Senkantolo
Approved without conditions
Kukhishwe ngu
Gillian de Gouveia, Communications Manager
On behalf of the Competition Tribunal of South Africa
Hyprop Investment Ltd and the Trustees for the time being of the Table Bay Mall Property Trust (“Table Bay Trust”) in respect of the rental enterprise known as Table Bay Mall
The Tribunal has unconditionally approved the merger wherein Hyprop Investments Ltd (“Hyprop”) intends to acquire the rental enterprise known as Table Bay Mall as a going concern.
The Tribunal’s decision follows a hearing during which it interrogated various aspects of the proposed transaction.
Hyprop operates as a Real Estate Investment Trust (“REIT”) which is listed on the Johannesburg Stock Exchange (“JSE”). It invests in, manages and develops a portfolio of real estate assets.
Table Bay Mall is a major regional centre situated in the Western Cape. It comprises retail and storage space.
