Liberty Holdings: Tsogo Sun buys more of hotel venture

Comment on this story

Liberty Holdings was selling part of its Cullinan joint venture to its partner, Tsogo Sun, for R762 million to fund other property acquisitions, the insurer said yesterday. Liberty’s stake in the Cullinan Hotel venture will be lowered by 10 percentage points to 40 percent, while hotel and gaming firm Tsogo Sun’s holding will rise to 60 percent. Tsogo Sun said it would sell some hotel assets to Cullinan. Liberty shares fell 0.34 percent to R124.01 yesterday. Tsogo Sun shares climbed 0.88 percent to close at R25.32. – Reuters

sign up

Comment Guidelines

  1. Please read our comment guidelines.
  2. Login and register, if you haven’ t already.
  3. Write your comment in the block below and click (Post As)
  4. Has a comment offended you? Hover your mouse over the comment and wait until a small triangle appears on the right-hand side. Click triangle () and select "Flag as inappropriate". Our moderators will take action if need be.

  5. Verified email addresses: All users on Independent Media news sites are now required to have a verified email address before being allowed to comment on articles. You are only required to verify your email address once to have full access to commenting on articles. For more information please read our comment guidelines