TSOGO-SUN:  1,578   0 (0.00%)  26/06/2019 00:00

South Africa's Tsogo Sun to spin off hotel business

JOHANNESBURG, March 15 (Reuters) - South African hotelier and casino operator Tsogo Sun said on Friday it will proceed with its plan to hive off and separately list its hotel business.

"Given that the gaming and hotel divisions operate in distinctly different markets and service different customers, there are limited opportunities to leverage synergies within the group as a whole," it said in a statement.

(Reporting by Emma Rumney; Editing by Olivia Kumwenda-mtambo)

2019-03-15 14:26:21

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