Peermont Buys Tusk Resort Group
16 Aug 2006
JOHANNESBURG , South Africa – As reported by Reuters: "South African casino and hotel company Peermont Global said it had bought a controlling stake in Tusk Casino Resorts and Hotels Group for 565.7 million rand.
"Peermont first bought a majority stake in Tusk Resorts for 358.4 million rand, then a second tranche of the company for 133.65 million and a further stake from Gottam Investments for 73.66 million, it said, without providing a figure for its percentage stake overall…"