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BRIEF-Trematon says unit to dispose two assets for 30 million rand
February 8, 2017 / 6:52 AM / 7 months ago

BRIEF-Trematon says unit to dispose two assets for 30 million rand

Feb 8 (Reuters) - Trematon Capital Investments Limited :

* Entered into an agreement with tsogo sun holdings in terms of which cml disposed of its 29.64% interest in west coast leisure proprietary limited

* Deal for an aggregate consideration of r190 million

* Transaction was categorised as a category 2 transaction in terms of jse limited (“jse”) listings requirements.

* Proceeds of disposal will be utilised to grow current business operations as well as retain cash reserves

* Entered into a further agreement (“ agreement”) in terms of which it will dispose of two immovable properties

* Deal for an aggregate consideration of r30 million Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +91 80 6749 1136)

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