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Niveus Investments  // Browsing posts in Niveus Investments

BUSES EN ROUTE TO LA CONCORDE TO REPLACE THE BRANDY ASSETS

Shareholders of La Concorde, formerly KWV, will be getting buses to replace the brandy assets that were sold to Vivian Imerman’s Visari a year ago for R1.5bn. Hosken Consolidated Investments (HCI), the holding company for Niveus Investments, which holds 58% of La Concorde, is selling Golden Arrow to La Concorde in a complicated deal that […]

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7 Aug 2017 Niveus Investments

LA CONCORDE HUNTS FOR NEW OPERATIONAL ASSET

La Concorde Holdings, the unlisted company formerly known as KWV Holdings, will probably present proposals for the acquisition of a new operating asset within three months. KWV sold its core liquor assets in 2016 to a company headed by entrepreneur Viv Imerman, leaving property and art assets and hefty cash proceeds in the newly constituted […]

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LA CONCORDE HUNTS FOR NEW OPERATIONAL ASSET

La Concorde Holdings, the unlisted company formerly known as KWV Holdings, will probably present proposals for the acquisition of a new operating asset within three months. KWV sold its core liquor assets in 2016 to a company headed by entrepreneur Viv Imerman, leaving property and art assets and hefty cash proceeds in the newly constituted […]

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25 May 2017 Niveus Investments

KWV: MINORITIES’ TRUE-VALUE WORRIES

Shareholders are concerned about Niveus’s intentions around the cash, property and art from KWV’s asset sale to Vasari It didn’t last long. Just six months after KWV’s operating assets were sold to Vivian Imerman’s Vasari group, hostilities have broken out again between management and some of the minority shareholders. Leading the charge once more on […]

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17 Mar 2017 Niveus Investments

MINORITIES DEALT A BETTER HAND

Niveus to unbundle to its shareholders majority of its gaming business, to be housed in new entity Gameco. Niveus Investments, Tsogo Sun and Hosken Consolidated Investments (HCI) have restructured a deal previously announced in December last year giving Niveus shareholders more choice with the opportunity to separately retain, dispose of or increase their interest in […]

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HOSKEN, TSOGO DEALS HEATS UP

Johannesburg – Empowerment conglomerate Hosken Consolidated Investment (HCI) on Tuesday said it was a step closer to consolidating its gaming assets under Tsogo Sun in a R2.1 billion deal that would see the hotel and entertainment group take over Niveus Investments gaming machine and bingo hall businesses. The deal would see Tsogo acquire all Niveus […]

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NIVEUS WINS WIDER TERMS FROM TSOGO

Casino group gives more options to minorities in gaming asset buyout. Casino group Tsogo Sun and Niveus Investments, both controlled by Hosken Consolidated Investments (HCI), decided on Tuesday to rejig the terms of a recent R4.6bn transaction involving alternative gaming assets. In late 2016, Niveus accepted a scrip-based offer for its limited payout machine (LPM) […]

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23 Feb 2017 Niveus Investments

CASINO RE-SHUFFLE

Interests in the Western Cape gaming market have been re-shuffled with casino and hotel giant Tsogo Sun significantly strengthening its hand. At the end of 2017 investment company, Trematon proposed selling its 29.64% shareholding in West Coast Leisure to Tsogo Sun – controlled by Cape Town-based empowerment company Hosken Consolidated Investments (HCI) – for R190m. […]

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5 Jan 2017 Niveus Investments

NIVEUS PLAN GETS TONGUES WAGGING

The proposal to exchange gaming assets for Tsogo shares sets off speculation about whether investment vehicle will remain listed. Niveus, the cash-flush specialist investment vehicle controlled by empowerment conglomerate Hosken Consolidated Investments (HCI), is the subject of much market conjecture after proposing to sell its core alternative gaming assets to casino operator Tsogo Sun late […]

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BRIEF-TSOGO BUYS SOME GAMING BUSINESSES FROM NIVEUS INVESTMENTS

* 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 […]

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