| Type of matter | Parties involved | Tribunal Decision |
|---|---|---|
| Large merger |
Waterview Close Properties (Pty) Ltd And Erven 6461, 6462 and 6797 Montague Gardens |
Approved with conditions |
The Competition Tribunal has conditionally approved the proposed merger wherein Waterview Close Properties (Pty) Ltd (“Waterview”) intends to acquire erven 6461, 6462 and 6797 Montague Gardens (collectively, the “target properties”). Following the implementation of the proposed transaction, Waterview will exercise sole control over the target properties.
Waterview is a newly incorporated South African firm which does not currently provide any products or services. It is ultimately controlled by Super Group (SGHC) Limited (“Super Group”), a firm incorporated in Guernsey. The acquiring group (Waterview, Super Group and all the firms controlled by Super Group) owns and operates global sports and iGaming brands such as Jackpot City, Spin Casino, Dream Bingo and Amazon Slots which provide online casino entertainment. Its brand, Betway, is an online global sportsbook that provides betting and casino entertainment.
The target properties, comprising A-grade office buildings with parking bays, are located in Cape Town, in the Western Cape.
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
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