December 14, 2016 / 2:11 PM / in 7 months

BRIEF-Tsogo buys some gaming businesses from Niveus Investments

1 Min Read

Dec 14 (Reuters) - Tsogo Sun Holdings Ltd :

* Acquisition of certain gaming businesses from Niveus Investments Limited

* Niveus accepted indicative offer for Niveus' interests in Vukani Gaming Proprietary Ltd and Galaxy Bingo Proprietary Ltd

* Says purchase consideration will comprise of 160 million ordinary shares in issued share capital of Tsogo amounting to about 4.65 bln rand

* Purchase consideration will also comprise of cash value of agreed costs incurred by gaming businesses in respect of new gaming licenses up to March.31 2017 Source text for Eikon: Further company coverage: (Bengaluru Newsroom)

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