Merger Alert: Redefine Properties Ltd And Mall Of The South (Pty) Ltd
Qaphela
Lesi Isaziso Sokuhlanganisa esilandelayo senzelwe izinjongo zolwazi kuphela futhi asibophezeli ku-Competition Tribunal nanoma yiliphi ilungu le-Tribunal.
Lead Text
The Competition Tribunal (“Tribunal”) has unconditionally approved the merger whereby Redefine Properties Ltd (“Redefine”) intends to acquire Mall of the South (Pty) Ltd (“Mall of the South”).
Uhlobo lwendaba
Large merger
Amaqembu ahilelekile
Redefine Properties Ltd and Mall of the South (Pty) Ltd
Isinqumo Senkantolo
Approved without conditions
Kukhishwe ngu
Gillian de Gouveia, Communications Manager
On behalf of the Competition Tribunal of South Africa
Redefine Properties Ltd and Mall of the South (Pty) Ltd
The Competition Tribunal (“Tribunal”) has unconditionally approved the merger whereby Redefine Properties Ltd (“Redefine”) intends to acquire Mall of the South (Pty) Ltd (“Mall of the South”).
The acquiring group (Redefine and all the firms directly and indirectly controlled by it) is active in the property sector, with a property portfolio comprising a diverse range of properties including office, retail, residential and industrial space throughout South Africa.
Mall of the South is a super-regional centre situated in Gauteng and comprises rentable retail space.
