Business News 19.1.2016 10:27 am

Standard Bank increases its shares in Tsogo Sun

Standard Bank increases its shares in Tsogo Sun

This after the bank disposed of its Tsogo Sun shares in August 2015 to remain only with 4.08 percent.

Hotel and gaming group Tsogo Sun on Tuesday announced that Standard Bank has increased its shareholding of the company to 10 percent.

This after the bank disposed of its Tsogo Sun shares in August 2015 to remain only with 4.08 percent.

In a statement issued on Tuesday, the hospitality group said: “Standard Bank has acquired a beneficial interest in the securities of the company, such that the total of all beneficial interests in Tsogo Sun’s ordinary shares held by Standard Bank now amounts to 10.06% of the issued ordinary share capital of the company.”

 

 

 

 

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