On Wednesday, the South African Competition Tribunal will consider Sycom’s acquisition of some of Grapnel’s office and retail properties. Sycom is a close-end property unit trust; Grapnel is a property fund management, development and investment company. The merger would leave Sycom with sole control of Paarl Mall in the Western Cape and the Cadbury Office Block in Gauteng.
The Competition Commission, which had already evaluated the merger, did not find competition concerns and recommends to the Competition Tribunal that the deal be approved.
Source: IOL
Related content: Antitrust and the Real Estate Industry: Looking Backwards and Forwards (Thomas Brown, Paul Hastings & Whitney McCollum, O’Melveny & Myers)
Featured News
T-Mobile’s Acquisition of Ka’ena Corporation Receives FCC Approval
Apr 26, 2024 by
CPI
UK Regulator Announces Two New Senior Executive Appointments
Apr 26, 2024 by
CPI
Paramount Global and Skydance Media Near Merger Deal, Eyeing CEO Change
Apr 26, 2024 by
CPI
BHP Unveils £31bn Mining Megamerger Proposal with Anglo American
Apr 25, 2024 by
nhoch@pymnts.com
ByteDance Prefers Shutdown Over Sale of TikTok Amid US Ban Threats
Apr 25, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI