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South Africa’s Hosken consolidates gaming assets under Tsogo Sun

16th December 2016 8:26 am GMT

South African investment holding company Hosken Consolidated Investments (HIC) has moved to combine its gaming assets into a single company by having hotel and entertainment business Tsogo Sun acquire Niveus Investments' gaming machine and bingo hall businesses.

Both companies are majority-owned by HIC, with the deal to see Tsogo sun acquire all Niveus' interests in gaming machine business Vukani Gaming and bingo hall operator Galaxy Bingo in an all-share deal.

It will issue 160m ordinary shares of [...]

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