Type of matter

Parties involved

Tribunal Decision

Large merger

Vukile Property Fund Limited And Pan Africa Shopping Centre

Approved without conditions

 

The Tribunal has unconditionally approved the large merger whereby Vukile Property Fund Limited (“Vukile”) intends to acquire the rental enterprise known as Pan Africa Shopping Centre (“target property”) as well as its future expansion.

 

The primary acquiring firm, Vukile, is a property holding firm listed on the Johannesburg Securities Exchange and the Namibian Stock Exchange. It owns a portfolio of retail letting enterprises in South Africa.

 

The target property is controlled by Pan African Development Company (Pty) Ltd (“PanDev”). It is a lettable retail shopping centre located in Alexandra, Johannesburg.

 

 


Issued by:

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