Merger Alert: Burstone Group Ltd and Izandla Property Fund (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 Competition Tribunal has unconditionally approved the merger in which Burstone Group Ltd (“Burstone”) will acquire further shareholding in Izandla Property Fund (Pty) Ltd (“Izandla”).
Type of matter
Large merger
Parties involved
Burstone Group Ltd and Izandla Property Fund (Pty) Ltd
Tribunal Decision
Approved without conditions
Issued By
Gillian de Gouveia, Communications Manager
On behalf of the Competition Tribunal of South Africa
The Competition Tribunal has unconditionally approved the merger in which Burstone Group Ltd (“Burstone”) will acquire further shareholding in Izandla Property Fund (Pty) Ltd (“Izandla”).
Burstone is a South African Real Estate Investment Trust (“REIT”) that is listed on the Johannesburg Securities Exchange (“JSE”) in the Real Estate Holdings and Development Sector. Burstone holds a diversified property portfolio across the retail, office and industrial sectors in South Africa.
Izandla is a property investment company with a diversified portfolio comprising retail, office and industrial properties in South Africa.
