The following Merger Alert is for information purposes only and is not binding on the Competition Tribunal or any member of the Tribunal

 

 

Type of matter

Parties involved

Tribunal Decision

Large merger

Units on Jorissen (Pty) Ltd and Varsity Stay 2 (Pty) Ltd in respect of an undivided share in the Units on Jorissen asset

Approved without conditions

 


The Competition Tribunal has unconditionally approved the large merger whereby Units on Jorissen (Pty) Ltd (“UoJ”) intends to acquire an undivided share in the student accommodation property letting enterprise known as “Units on Jorissen” and the letting enterprise carried out upon it (the “target property”) from Varsity Stay 2 (Pty) Ltd (“Varsity Stay”).

 

UoJ is a property investment company. The acquiring group has investments in student accommodation. The target property is a newly built student accommodation development.

 



Issued by:

Gillian de Gouveia, Communications Manager
On behalf of the Competition Tribunal of South Africa
Cell: +27 (0) 82 410 1195
E-Mail: GillianD@comptrib.co.za
Twitter: @comptrib