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HCI raises Nafhold offer

Jan 25 2007 17:33

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Johannesburg - Casino and media holding firm Hosken Consolidated Investments has raised its bid for unlisted Nafcoc Investment Holding Company to R900m, HCI said on Thursday.

HCI said in a statement it was raising the offer to R30.58 per share from a previous bid of R25.48 per share.

Shares in HCI were unchanged at R62 by 14:26 on Thursday, while the Johannesburg mid-cap index edged up.

HCI wants access to Nafhold's stake in Tsogo Sun Investment Holding Company, which owns the lucrative Southern Sun hotels and Tsogo Sun Gaming.

 
 
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