23rd May 2014 09:27
LONDON (Alliance News) - Redefine International PLC Friday said its shareholding in Redefine BDL Hotel Group Ltd has fallen after Tsogo Sun Holdings Ltd acquired a 25% stake in the hotel operator for GBP8.1 million.
Tsogo Sun is a hotel and casino operator across South Africa, Africa, Seychelles and the Middle East.
Following the acquisition, Redefine Internationals interest in the group, which has around 60 hotels under management in the UK, Liberia and South Africa, was reduced to 25.3% from 33%.
Redefine International shares were quoted down 0.3% at 56.17 pence Friday morning.
By Anthony Tshibangu; [email protected]; @AnthonyAllNews
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