General Notice No. 246 of 2014

Competition Commission » Notification to approve with conditions the transaction involving » Arctozone...

Title	Competition Commission » Notification to approve with conditions the transaction involving » Arctozone Investments Proprietary Limited and the Lynnridge Mall (owned by Emira Property Fund a property fund created under the Emira Property Scheme, as the Collective Investments Schemes Control Act
Department	Trade and Industry
Gazette	National Gazettes, No. 37478 of 28 March, 2014, 3 page(s), 851Kb

16  No. 37478                GOVERNMENT GAZETTE, 28 MARCH 2014

NOTICE 246 OF 2014

COMPETITION CC:1MISSION

NOTIFICATION TO APPROVE WITH CONDITIONS THE TRANSACTION :AVOLVING:

ARCTOZONE INVESTMENTS PROPRIETARY LIMITED

AND

THE LYNNRIDGE MALL (OWNED BY EMIRA PROPERTY FUND A PROPERTY FUND
                 CREATED UNDER THE EMIRA PROPERTY SCHEME, AS THE COLLECTIVE INVESTI1EIT
                                       SCHEMES CONTROL ACT NO 45 OF 2002)

CASE NUMBER: 2013DEC585

The Competition Commission hereby gives notice, in terms of Rule 38 (3)(c) of the 'Rules for

the Conduct of Proceedings in the Competition Commission, that      it has approved the
                transaction involving the above mentioned firms subject to conditions as set out below:

On 03 December 2013, the Competition Commission ("the Commission") received a notice of
                 an intermediate merger whereby the primary acquiring firm, Arctozone Investments (Pty) Ltd
                 ("Arctozone") intends to acquire sole control over the Lynnridge Mall from Emira Property Fund.

Following the implementation of the proposed transaction, Arctozone will exercise sole control
                 over the Lynnridge Mall.

The Commission finds that there is product overlap in respect of rentable retail space. However,

there is no geographic overlap in the activities of the acquiring group and the Lynnridge Mall, as
                 the retail property owned by the acquiring group is situated within the Western Cape and
                 Northern Cape provinces, and the Lynnridge Mall is situated within the Gauteng Province. As a
                 result, the Commission finds that the proposed transaction is unlikely to substantially prevent or
                 lessen competition in any market within South Africa.

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General Notice No. 246 of 2014

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