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Gold Reef-Tsogo merger gets nod

Nov 15 2010 13:21 I-Net Bridge

Company Data

TSOGO SUN HOLDINGS LIMITED [JSE:TSH]

Last traded 27.08
Change 0.18
% Change 0.01
Cumulative volume 2625554
Market cap 28.41bn

Last Updated: 19/09/2014 at 04:23. Prices are delayed by 15 minutes. Source: McGregor BFA

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Johannesburg - Gaming and entertainment company Gold Reef Resorts [JSE:GDF] said on Monday that gaming regulatory approvals have been received for the merger of its gaming and hotel businesses with those of Tsogo.
 
The merger will take place through the acquisition by Gold Reef of the entire issued share capital of Tsogo from Tsogo Investment Holding Company and SABSA Holdings in exchange for Gold Reef shares.

The approval of the Gauteng Gambling Board is still conditional on the receipt of approval from the competition authorities and the KwaZulu-Natal Gambling Board.

Shareholders will be notified through further announcements.

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