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December 6, 2011
Grand Parade Conclude Restructure
Grand Parade Investments ("GPI") said yesterday that the conditions of the restructure announced on 16 May 2011 and subsequently approved by shareholders on 14 September 2011 have been fulfilled and that the deal has become unconditional.
The restructure sees GPI reduce its shareholding in both GrandWest Casino and Golden Valley Casino (Worcester) to 25.1% and in terms of an offer by Sun International South Africa Limited to RAH shareholders, GPI will dispose of its 30.6% interest in RAH at an offer price of 422c per share.
Posted by StaffWriter at December 6, 2011 10:22 AM