South Africa: Competition Tribunal

COMPETITION TRIBUNAL OF SOUTH AFRICA

Case No.: LM236Mar15/021089

In the matter between:

Emira Property Fund Limited, previously

Friedshelf 1556 Proprietary Limited...........................................................................Primary Acquiring Firm

And

Emira Property Fund.......................................................................................................Primary Target Firms

and

Strategic Real Estate Managers Proprietary Limited

Panel: A Roskam (Presiding Member)

I Valodia (Tribunal Member)

A Ndoni (Tribunal Member)

Heard on: 29 April 2015

Decided on: 29 April 2015

ORDER

Further to the recommendation of the Competition Commission in terms of section 14A(1)(b) of the Competition Act, 1998 (“the Act”) the Competition Tribunal orders that -

1. the merger between Emira Property Fund Limited, previously Friedshelf 1556 Proprietary Limited and Emira Property Fund and Strategic Real Estate Managers Proprietary Limited be approved in terms of section 16(2)(a); and

2. a Merger Clearance Certificate be issued in terms of Competition Tribunal rule 35(5)(a).

29 April 2015

Date

Presiding Member

Mr A Roskam

Concurring: Prof. I Vaiodia and Ms A Ndoni