Futuregrowth Asset Management (Pty) Ltd (Acting As Agent for Old Mutual Life Assurance Company (South Africa) Limited) And Citiq Treasury (Pty) Ltd and Citiq Property Services (Pty) Ltd 7th Floor, Anchor House, 100 Juta Street, Braamfontein, Johannesburg, 2001
Case Number
LM097Jun18
Case type
Large Merger
Type of merger
Horizontal
Case status
Reasons Issued
Outcome
Approved
Order date
08-08-2018
Competition Tribunal Members
Andreas Wessels, Andiswa Ndoni, Medi Mokuena
Industry
Real estate activities with own or leased property
Relevant market
The market for the provision of (i) rentable retail space in convenience centres within an 8km radius of 27 Boxes (ii) rentable residential property in Johannesburg CBD (iii) student accommodation in Johannesburg CBD.
Sector
Real estate activities
Case Name
Futuregrowth And Citiq Treasury
Primary Acquiring Firm
Futuregrowth Asset Management (Pty) Ltd
Primary Target Firm
Citiq Treasury (Pty) Ltd