| Type of matter | Parties involved | Tribunal Decision |
|---|---|---|
| Large merger | Sasol Pension Fund; Luvon Investments (Pty) Ltd; and Litapro (Pty) Ltd And Eden Meander C/O Accelerate Property Fund (Pty) Ltd | Approved with conditions |
| Large merger | Redefine Retail (Pty) Ltd And Pan Africa Development (Pty) Ltd and a retail property development owned by Pan Africa Phase 2 (Pty) Lt | Approved with conditions |
| Large merger | RMB Ventures Eight (Pty) Ltd and Bopa Moruo Fund II (Pty) Ltd And Icon Oncology Holdings (Pty) Ltd | Approved with conditions |
The Competition Tribunal (“Tribunal”) has conditionally approved the merger wherein Sasol Pension Fund (“the Sasol Fund”), Luvon Investments (Pty) Ltd (“Luvon”), and Litapro (Pty) Ltd (“Litapro”) intend to acquire a retail shopping centre situated in George, in the Western Cape (“Eden Meander”) from Accelerate Property Fund Ltd.
The Sasol Fund is the official pension fund for the employees of Sasol Ltd. Luvon and Litapro are property investment companies. Eden Meander is classified as a minor regional centre which is occupied by various retail stores.
Redefine Retail (Pty) Ltd And Pan Africa Development (Pty) Ltd and a retail property development owned by Pan Africa Phase 2 (Pty) LtdThe Tribunal has unconditionally approved the merger wherein Redefine Retail (Pty) Ltd (“Redefine”) intends to acquire Pan Africa Development (Pty) Ltd (“Pan Africa”).
Redefine (and all the firms directly and indirectly controlled by it) is active in the property sector, with a property portfolio comprising office, retail, residential and industrial space. Pan Africa is active in property development in South Africa.
RMB Ventures Eight (Pty) Ltd and Bopa Moruo Fund II (Pty) Ltd And Icon Oncology Holdings (Pty) LtdThe Tribunal has unconditionally approved the merger wherein RMB Ventures Eight (Pty) Ltd (“RMB Ventures”) and Bopa Moruo Fund II (Pty) Ltd (“Bopa Moruo”) intend to acquire Icon Oncology Holdings (Pty) Ltd (“Icon”). Upon the implementation of the proposed transaction, RMB Ventures and Bopa Moruo will exercise joint control over Icon.
RMB Ventures is a private equity investor, while Bopa Moruo is a private equity firm. The target group (Icon and all the firms directly and indirectly controlled by it) is involved in cancer care, primarily in the private healthcare sector in South Africa.
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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