Merger Alert: Woolworths (Pty) Ltd And Micawber 463 (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 the large merger between Woolworths (Pty) Ltd (“Woolworths”) and Micawber 463 (Pty) Ltd (“Micawber 463”). In terms of the proposed transaction, Woolworths will acquire the remaining extent of Erf 31564 Pinetown (“target property”) from Micawber 463.
Uhlobo lwendaba
Large merger
Amaqembu ahilelekile
Woolworths (Pty) Ltd And Micawber 463 (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 the large merger between Woolworths (Pty) Ltd (“Woolworths”) and Micawber 463 (Pty) Ltd (“Micawber 463”). In terms of the proposed transaction, Woolworths will acquire the remaining extent of Erf 31564 Pinetown (“target property”) from Micawber 463.
The Woolworths Group operates a chain of retail stores offering a range of clothing, food, homeware, beauty, and financial services. In addition, it owns various retail, industrial, and office property across South Africa. The target property is a rentable light industrial property located in Pinetown, KwaZulu-Natal.
