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SABMiller to sell stake in African gaming operator Tsogo Sun

8th July 2014 7:14 am GMT

SABMiller, the world’s second largest brewing company, is to divest its 39.6 per cent interest in South African hotel and casino operator Tsogo Sun in a transaction valued at approximately US$1.0bn.

SABMiller said it took the decision to sell its shareholding after completing a strategic review in cooperation with Tsogo Sun - in which it has been a shareholder since 2002 - when it transferred its gaming and hotel assets to the African operator as part [...]

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