Tsogo Sun Hotels to acquire outstanding hospitality shares
Tsogo Sun Hotels shareholders have until 29 January to accept share purchase offer.
Africa’s leading hospitality group Tsogo Sun Hotels has given its shareholders the last opportunity to accept the present share purchase offer on the table. This is to allow Tsogo Sun to acquire all the remaining shares in all the general offer shares.
In the statement released on 20 January, shareholders were informed that if they did not accept the offer, the hotel group would find alternative ways to acquire those shares. The hospitality portfolio comprises 54 properties with more than 9,000 rooms across South Africa.
Shareholders have the chance to accept the offer by Friday, 29 January 2021.