Tsogo Sun acquires 25% in Redefine BDL Hotel Group for GBP8.1m

Redefine International plc said on Friday that Tsogo Sun had acquired a 25% interest in its subsidiary‚ Redefine BDL Hotel Group (RBDL)‚ for GBP8.1m.

Redefine International‚ which is listed in London and on the JSE‚ said the deal was of strategic importance for both parties‚ providing RBDL with additional cash resources to develop and update its business in the UK and Europe.

It will also allow Tsogo Sun access to additional management expertise‚ exposure to new markets and the potential for opportunities to deploy capital in “attractive” investments in the European market in the future.

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