Johannesburg - Shareholders of Culinan Holdings [JSE:CUL] are referred to the announcement dated July 17 2013 in this regard and are advised that the Competition Commission of South Africa has approved the acquisition of the South African interests of Imperial Tourism.
This portion of the acquisition is therefore unconditional and the effective date of the acquisition is September 1 2013. As the Namibian portion of the acquisition has not yet been approved by the Namibian Competitions Commission, this agreement is still conditional on this approval.
This portion of the acquisition is therefore unconditional and the effective date of the acquisition is September 1 2013. As the Namibian portion of the acquisition has not yet been approved by the Namibian Competitions Commission, this agreement is still conditional on this approval.