- December 14, 2016
- Posted by: admin
- Categories: Niveus Investments, Tsogo Sun Holdings
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* Acquisition of certain gaming businesses from Niveus Investments Limited
* Niveus accepted indicative offer for Niveus’ interests in Vukani Gaming Proprietary Ltd and Galaxy Bingo Proprietary Ltd
* Says purchase consideration will comprise of 160 million ordinary shares in issued share capital of Tsogo amounting to about 4.65 bln rand
* Purchase consideration will also comprise of cash value of agreed costs incurred by gaming businesses in respect of new gaming licenses up to March.31 2017
Source: Reuters