Merger Alert: Fedbond Nominees (Pty) Ltd And Phoenix Property Fund SA (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 proposed merger in which Fedbond Nominees (Pty) Ltd (“Fedbond Nominees”) intends to acquire various rentable retail properties (“target properties”) from Phoenix Property Fund SA (Pty) Ltd. Post merger, Fedbond Nominees will acquire sole control over the target properties.
Type of matter
Large merger
Parties involved
Fedbond Nominees (Pty) Ltd And Phoenix Property Fund SA (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 proposed merger in which Fedbond Nominees (Pty) Ltd (“Fedbond Nominees”) intends to acquire various rentable retail properties (“target properties”) from Phoenix Property Fund SA (Pty) Ltd. Post merger, Fedbond Nominees will acquire sole control over the target properties.
The acquiring group (Fedbond Nominees, its controlling entities and subsidiaries) offers a range of financial services to the public.
The target properties are letting enterprises comprising retail properties.
