Tribunal approves Dipula, Asakhe deal

Posted On Thursday, 23 June 2011 02:00 Published by Commercial Property News
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The Competition Tribunal has unconditionally approved the deal in which Dipula Property Fund will acquire Asakhe Realty Investment Fund.

Izek PetersonThe Competition Tribunal has unconditionally approved the deal in which Dipula Property Fund will acquire Asakhe Realty Investment Fund.

Dipula is controlled by Redefine Properties, the JSE's second largest property fund, while Asakhe is owned by Standard Bank Properties and Safika Holdings.

Meanwhile, the Competition Commission had earlier considered the merger and concluded it was unlikely to lessen competition. It therefore recommended that the tribunal approve the merger without conditions.

Last modified on Monday, 18 November 2013 15:56

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