Merger Alert
Case Number: LM181Feb23
Date of release: 26 April 2023
OUTCOME OF MERGER DECIDED BY THE TRIBUNAL
Type of matter: Large merger
Parties involved: Units on Park Street (Pty) Ltd and WBHO Construction (Pty) Ltd
in respect of an undivided share in the Units on Park assets
Tribunal decision: Approved without conditions
The Tribunal has unconditionally approved the proposed merger whereby WBHO
Construction (Pty) Ltd (“WBHO”) is selling its undivided share in the student
accommodation property letting enterprise known as “Units on Park Street” (“the
target business”) to the company Units on Park Street (Pty) Ltd (“Units on Park
Street”).
The primary acquiring firm, Units on Park Street, is a property investment company.
WBHO is engaged in civil engineering and building construction activities The target
business is located in Hatfield, in Gauteng, and comprises the student
accommodation property known as “Units on Park Street” and all leases in that
respect.
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