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BRIEF-Hosken Consolidated ‍restructures interest in Golden Arrow Bus Service
September 14, 2017 / 2:20 PM / 11 days ago

BRIEF-Hosken Consolidated ‍restructures interest in Golden Arrow Bus Service

Sept 14 (Reuters) - HOSKEN CONSOLIDATED INVESTMENTS LTD :

* ‍RESTRUCTURE OF HCI‘S INTEREST IN GOLDEN ARROW BUS SERVICE PROPRIETARY LIMITED​

* HCI, NIVEUS INVESTMENTS, LA CONCORDE ENTERED INTO AGREEMENT WHERE NIVEUS INVEST 17 PROPRIETARY WILL BUY HOSKEN PASSENGER LOGISTICS AND RAIL​

* ‍HPLR WILL BE ACQUIRED BY NEWCO FOR A PURCHASE CONSIDERATION OF APPROXIMATELY R1.8 BILLION​

* ‍POST IMPLEMENTATION OF GABS ACQUISITION IT IS INTENDED THAT A DIVIDEND OF UP TO R1.2 BILLION WILL BE DECLARED BY NEWCO​ Source text for Eikon: Further company coverage:

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