February 9 - Leading South African gaming group, Peermont Global which owns and
operates amongst others Emperors Palace Casino, announced recently that a second
bidder had shown interest in acquiring its entire issued share capital.
The bidder, a consortium of UK-based companies including Century Casinos and
London & Regional Properties, presented Peermont Global executives with a non-binding
conditional proposal.
The first bidder came through in November last year in the form of a consortium
of investors led by the Mineworkers Investment Company through MIC Leisure.
In a statement, Peermont said that the potential offer from Century Casinos and
London & Regional Properties was being considered before being put forward to shareholders,
and that a due diligence would have to be conducted by the interested
consortium.
The Peermont board advised its shareholders to exercise caution when dealing in
Peermont shares until a further announcement was made.
