Merger Alert: Vukile Property Fund Limited And Pan Africa Shopping Centre
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 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.
Type of matter
Large merger
Parties involved
Vukile Property Fund Limited And Pan Africa Shopping Centre
Tribunal Decision
Approved without conditions
Issued By
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.
