Merger Alert: Units on Jorissen (Pty) Ltd and Varsity Stay 2 (Pty) Ltd in respect of an undivided share in the Units on Jorissen asset
Kennisgewing
Die volgende samesmeltingswaarskuwing is slegs vir inligtingsdoeleindes en is nie bindend vir die Mededingingstribunaal of enige lid van die Tribunaal nie
Lead Text
The Competition Tribunal has unconditionally approved the large merger whereby Units on Jorissen (Pty) Ltd (“UoJ”) intends to acquire an undivided share in the student accommodation property letting enterprise known as “Units on Jorissen” and the letting enterprise carried out upon it (the “target property”) from Varsity Stay 2 (Pty) Ltd (“Varsity Stay”).
Tipe materie
Large merger
Partye betrokke
Units on Jorissen (Pty) Ltd and Varsity Stay 2 (Pty) Ltd in respect of an undivided share in the Units on Jorissen asset
Tribunaalbeslissing
Approved without conditions
Uitgereik deur
Gillian de Gouveia, Communications Manager
On behalf of the Competition Tribunal of South Africa
The Competition Tribunal has unconditionally approved the large merger whereby Units on Jorissen (Pty) Ltd (“UoJ”) intends to acquire an undivided share in the student accommodation property letting enterprise known as “Units on Jorissen” and the letting enterprise carried out upon it (the “target property”) from Varsity Stay 2 (Pty) Ltd (“Varsity Stay”).
UoJ is a property investment company. The acquiring group has investments in student accommodation. The target property is a newly built student accommodation development.
