Tradehold Limited (JSE:TDH) entered into a memorandum of association to acquire Imbali Props 21 Proprietary Limited, Saddle Path Props 69 Proprietary Limited and Collins Property Projects Proprietary Limited for £83.1 million on November 26, 2015. Tradehold Limited (JSE:TDH) signed a framework agreement to acquire Imbali Props 21 Proprietary Limited, Saddle Path Props 69 Proprietary Limited and Collins Property Projects Proprietary Limited on June 3, 2016. The consideration will be settled partly through a cash payment of £2.45 million and the balance through the issue of up to 59.6 million Tradehold shares. The deal was approved by Board of Tradehold Limited on May 23, 2016. The transaction is subject to completion of due diligence, approval by South African Competition Commission, the Takeover Regulations Panel, approval by third parties and JSE approving the listing of the Tradehold Shares to be issued under the transaction. Competition Tribunal of South Africa approved the transaction on September 22, 2016. The deal is expected to close on or about September 1, 2016. Mettle Corporate Finance Proprietary Limited acted as financial advisor and Cliffe Dekker Hofmeyr and Baker & Mckenzie acted as legal advisors for Tradehold. As on July 5, 2016, South African Competition Authority approved the acquisition.