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Southern Sun loses R735m Sandton deal as Pareto steps in
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Southern Sun loses R735m Sandton deal as Pareto steps in
On Monday, the JSE-listed hospitality group controlled by Johnny Copelyn's Hosken Consolidated Investments told shareholders it would not be proceeding with its proposed R735 million acquisition of a 50 percent stake in some of Sandton's most recognisable properties, after co-owner Pareto exercised its pre-emptive right to block the transaction.The Sandton Consortium properties at the centre of the deal sit at the heart of what is often called A…
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