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Gold Reef Tsogo Merger Creates SA Gaming Powerhouse

22nd February 2010 10:32 am GMT

Two of South Africa's leading gaming operators, Gold Reef Resorts Limited and SABMiller owned Tsogo Sun Holdings Limited have announced the merger of their businesses, creating South Africa's largest gaming company with an expected market capitalisation of US$2.7 billion.

Brewing giant SABMiller plc said that the transaction would be effected through the acquisition by Gold Reef of the entire issued share capital of Tsogo Sun in exchange for the issue of new [...]

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