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HCI EXERCISES CALL OPTION TO LIFT ITS CATWALK HOLDING TO 100%

HOSKEN Consolidated Investments (HCI) has exercised a call option for the acquisition of a further 15% interest in Catwalk Investments 167 from Jabu Mabuza for R26,5m. Catwalk effectively holds a 4,6% interest in Tsogo Investment Holding Company via Catwalk Leisure Investments. Following the transaction, HCI will own 100% of the issued share capital of Catwalk.

Source: Business Day – Janet Parker