South Africa: Sampada Private Equity Fund gets green light for property deal

South Africa’s Competition Commission has approved the proposed merger whereby Sampada Private Equity Fund intends to acquire Salestalk 298.

Sampada invests in the following sectors: property, agriculture, and short-term finance.

Salestalk 298 is a property development and management group with a portfolio of retail, office and residential properties located across South Africa. Relevant to the proposed transaction is the target property that consists of a single property described as Bushbuckridge Mall comprising of rentable retail space and C-grade office space situated in Bushbuckridge, Mpumalanga.

The Commission found that the proposed transaction is unlikely to result in a substantial prevention or lessening of competition in any relevant markets. The Commission further found that the proposed transaction does not raise any public interest concerns.

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