South Africa: Competition Tribunal

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[2015] ZACT 40
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Emira Property Fund Limited v Emira Property Fund and Another (LM236Mar15/021089) [2015] ZACT 40 (29 April 2015)
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COMPETITION TRIBUNAL OF SOUTH AFRICA
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
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).
Date
Presiding Member
Concurring: Prof. I Vaiodia and Ms A Ndoni