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South Africa’s Phumelela finalises purchase of Supabets

19th September 2016 8:17 am GMT

South African betting operator Phumelela Gaming and Leisure is set to finalise its acquisition of a stake in Supabets after the parties reached agreement on a final price for the deal.

Phumelela first announced its intention to acquire a 50 per cent stake in the South African holding company of Supabets, which is also active in Ghana, from its owners the Anastassopoulos family in August.

This price has now been set at ZAR437m (€27.7m), the operator [...]

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