Merger Alert: U Reit Collins (Pty) Ltd And Collins Property Projects (Pty) Ltd
Qaphela
Lesi Isaziso Sokuhlanganisa esilandelayo senzelwe izinjongo zolwazi kuphela futhi asibophezeli ku-Competition Tribunal nanoma yiliphi ilungu le-Tribunal.
Lead Text
The Tribunal has unconditionally approved this transaction in terms of which U Reit Collins (Pty) Ltd ("U Reit”) acquired joint control over Collins Property Projects (Pty) Ltd ("Collins").
Uhlobo lwendaba
Large merger
Amaqembu ahilelekile
U Reit Collins (Pty) Ltd And Collins Property Projects (Pty) Ltd
Isinqumo Senkantolo
Approved without conditions
Kukhishwe ngu
Gillian de Gouveia, Communications Manager
On behalf of the Competition Tribunal of South Africa
The Tribunal has unconditionally approved this transaction in terms of which U Reit Collins (Pty) Ltd ("U Reit”) acquired joint control over Collins Property Projects (Pty) Ltd ("Collins").
Prior to the transaction, the acquiring group was active in the leasing of retail and residential properties while the target group held a portfolio of retail, office, and industrial properties.
The transaction is found not to substantially prevent or lessen competition in any market in South Africa and did not raise any public interest concerns.
