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 [...]
