Growthpoint merger not yet approved

Posted On Wednesday, 18 May 2005 02:00 Published by eProp Commercial Property News
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Contrary to a statement issued on Monday, the Competition Tribunal's decision on Growthpoint and Tresso has not yet been handed down.

Norbert SasseContrary to a statement from South Africa's Competition Tribunal released on Monday, the body's decision on the merger transaction between Growthpoint Properties Ltd (GRT) and Tresso Trading 119 (Pty) has not yet been handed down (as of 17 May 2005), it said.

On Monday the Tribunal erroneously announced it had unconditionally approved the merger, in which Growthpoint intends to acquire control over certain properties currently owned by Tresso.

Last modified on Friday, 09 May 2014 11:29

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