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South Africa's Tsogo Sun may list property unit separately

Pulse Staff
Pulse Staff 08:19 - 21 May 2015
A general view of the Johannesburg Stock Exchange building in Sandton August 13, 2014. REUTERS/Siphiwe Sibeko
A general view of the Johannesburg Stock Exchange building in Sandton August 13, 2014. REUTERS/Siphiwe Sibeko
JOHANNESBURG (Reuters) - South African gaming and hotel group Tsogo Sun is considering listing its property portfolio worth 30 billion rand ($2.5 billion) separately as a Real Estate Investment Trust (REIT), its CEO said on Thursday.
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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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($1 = 11.7951 rand)

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