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Competition Tribunal to review Sycom-Grapnel deal

By  |  February 13, 2012

On Wednesday, the South African Competition Tribunal will consider Sycom’s acquisition of some of Grapnel’s office and retail properties. Sycom is a close-end property unit trust; Grapnel is a property fund management, development and investment company. The merger would leave Sycom with sole control of Paarl Mall in the Western Cape and the Cadbury Office Block in Gauteng.

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    The Competition Commission, which had already evaluated the merger, did not find competition concerns and recommends to the Competition Tribunal that the deal be approved.

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    Source: IOL

     

    Related content: Antitrust and the Real Estate Industry: Looking Backwards and Forwards (Thomas Brown, Paul Hastings & Whitney McCollum, O’Melveny & Myers)