date:Jul 08, 2014
SABMiller, the world second largest brewer, is selling its 39.6% stake in gaming, hotel and entertainment group Tsogo Sun Holdings. The shareholding is valued at approximately ZAR11.7 billion (approximately US$1.09 billion) based on the closing share price of ZAR26.90 on 4 July 2014.
Alan Clark, chief executive of SABMiller, comments: SABMiller has been a supportive shareholder of Tsogo Sun since 2002, when we transferred our existing gaming and hotel assets into Tsogo Sun as part of a landmark