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Competition Tribunal to review Sycom-Grapnel deal

 |  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.

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.

Source: IOL


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