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Gold Reef shares extend gain

Feb 14 2011 11:59 Reuters

Company Data

TSOGO SUN HOLDINGS LIMITED [JSE:TSH]

Last traded 28
Change -1
% Change -3
Cumulative volume 1401168
Market cap 0

Last Updated: 17-04-2015 at 05:00. Prices are delayed by 15 minutes. Source: McGregor BFA

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Johannesburg - Shares of Gold Reef Resorts [JSE:GDF] have jumped 3.6% to R18.60, adding to a 6.9% gain on Friday, when competition authorities said the casino company would not have to sell a major asset before a planned merger.

South Africa’s antitrust investigator initially recommended that Gold Reef sell its Silverstar Casino before merging with unlisted Tsogo Sun.

However, the Competition Tribunal, which decides on such recommendations, on Friday granted the deal unconditional approval. 

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