The Competition Tribunal has approved a merger between Futuregrowth Asset Management, Citiq Treasury and Citiq Property Services.
Futuregrowth is the acting agent for Old Mutual Assurance company, wholly-owned by Old Mutual Investment Group Holdings.
The transaction involves rentable property and rentable retail space in the Johannesburg central business district, Melville, Berea, Bellevue, Hillbrow and Rosettenville.
Citiq Treasury will operate as a property holding company for Old Mutual and Citiq Property Services will facilitate administration and rental management.