Merger Alert: Vukile Property Fund Limited And Pan Africa Shopping Centre
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 large merger whereby Vukile Property Fund Limited (“Vukile”) intends to acquire the rental enterprise known as Pan Africa Shopping Centre (“target property”) as well as its future expansion.
Uhlobo lwendaba
Large merger
Amaqembu ahilelekile
Vukile Property Fund Limited And Pan Africa Shopping Centre
Isinqumo Senkantolo
Approved without conditions
Kukhishwe ngu
Gillian de Gouveia, Communications Manager
On behalf of the Competition Tribunal of South Africa
The Tribunal has unconditionally approved the large merger whereby Vukile Property Fund Limited (“Vukile”) intends to acquire the rental enterprise known as Pan Africa Shopping Centre (“target property”) as well as its future expansion.
The primary acquiring firm, Vukile, is a property holding firm listed on the Johannesburg Securities Exchange and the Namibian Stock Exchange. It owns a portfolio of retail letting enterprises in South Africa.
The target property is controlled by Pan African Development Company (Pty) Ltd (“PanDev”). It is a lettable retail shopping centre located in Alexandra, Johannesburg.
