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Tsogo Sun may list property unit separately

Tsogo Sun may list property unit separately

Photo by Duane Daws

21st May 2015

By: Reuters

  

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South African gaming and hotel group Tsogo Sun is considering listing its property portfolio worth R30-billion rand ($2.5 billion) separately as a Real Estate Investment Trust (REIT), its CEO said on Thursday.

Tsogo Sun will make the decision before the end of this year and if listed, Tsogo will still retain control of the property division, said CEO Marcel von Aulock.

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Edited by Reuters

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