Merger Alert
Date of release: 14 March 2022
OUTCOME OF MERGERS DECIDED BY THE TRIBUNAL
Type of matter Parties involved Tribunal decision
Large merger SKG Properties Fund I (Pty) Ltd And Redefine Properties
Limited In Respect Of The Properties Known As 34 Wrench Road And Pepkor
Isando: Aproved without conditions
Large merger UBI General Partner (Pty) Ltd And CSG Holdings Limited:
Approved without conditions
SKG Properties Fund I (Pty) Ltd And Redefine Properties Limited In Respect Of The
Properties Known As 34 Wrench Road And Pepkor Isando
The Tribunal has unconditionally approved the large merger wherein SKG Properties
Fund I (Pty) Ltd (“SKG Properties Fund I”) intends to acquire the properties known
as 34 Wrench Road and Pepkor Isando from Redefine Properties Limited
(“Redefine”). Upon conclusion of the proposed transaction, SKG Properties Fund I
will have sole control of 34 Wrench Road and Pepkor Isando.
SKG Properties Fund I forms part of the SKG Group. The companies comprising the
SKG Group are engaged in the development and leasing of commercial, industrial
and retail investment properties and the management thereof.
The target firm is Redefine Properties Limited (“Redefine”) in respect of the
properties known as 34 Wrench Road and Pepkor Isando. Redefine is a property
loan stock company which currently holds REIT status and is listed on the JSE in the
“diversified REITS” sector. The target properties both comprise rentable light
industrial space.
UBI General Partner (Pty) Ltd And CSG Holdings Limited
The Tribunal has unconditionally approved the large merger whereby UBI General
Partner (Pty) Ltd (“UBI”) intends to acquire control over CSG Holdings Limited
(“CSG”).
The acquiring group is an investment holding entity with investments in various
sectors including financial services, real estate, auto parts, mining and construction.
Of relevance to this merger is the acquiring group’s activities through RSA Group, a
marketer and agent of locally produced fresh produce (fruit and vegetables) across
South Africa.
The target group provides facilities management (cleaning, catering, maintenance
and security services), security equipment, access control and staffing solutions. Its
catering activities involve the operation of canteens and restaurants across South
Africa.
Issued by:
Gillian de Gouveia, Communications Officer
On behalf of the Competition Tribunal of South Africa
Tel: +27 (0) 12 394 1383
Cell: +27 (0) 82 410 1195
E-Mail: GillianD@comptrib.co.za
Twitter: @comptrib