M&A Roundup: Buyout buyers circle Intu Properties and Distell hauls brewer to court
Also: Growthpoint Properties and Air Algérie plan to make acquisitions and Basil Read plans to sell.
Distell has hauled the world’s largest brewer, AB InBev, and SABMiller before South Africa’s Competition Tribunal for allegedly breaching conditions for the 2016 merger between the two companies.
The Competition Tribunal conditionally approved the multi-billion dollar merger between AB-InBev and SAB Miller in June 2016. Distell had participated in the hearing at the time and made submissions in relation to conditions that were ultimately imposed on the merger, the Competition Tribunal said in a statement.
Read more: Distell hauls AB InBev to the Competition Tribunal
Growthpoint Properties is in talks to acquire a majority stake in UK regional shopping centre landlord Capital & Regional.
Capital & Regional said in a statement on Wednesday that the talks involved Growthpoint making an offer in cash for Capital & Counties shares, and an injection of capital to support the company’s strategy through a subscription for new Capital & Regional shares.
Read more: Buyout buyers circle Intu Properties
Algeria’s national carrier Air Algérie is interested in acquiring its main rival on Algeria-France route, Aigle Azur, which has grounded its aircraft over bankruptcy.
Basil Read announced the sale of properties in Ekurhuleni on Friday as part of a strategy to dispose of non-core assets in the group.
Thunderstruck, a company in which Basil Read Holdings held a 50 percent stake, is selling various properties in Ekurhuleni for R136 million.
Read more: Basil Read sells more non=core assets