Private equity group to buy Gold Reef for $1.4 bln
LONDON, Sept 3 (Reuters) - South African casino operator Gold Reef Resorts (GDFJ.J: Quote, Profile, Research, Stock Buzz) said on Monday it would be acquired by a private equity group including Ethos Private Equity and Goldman Sachs (GS.N: Quote, Profile, Research, Stock Buzz) for 34 rand a share, or about 9.85 billion rand ($1.37 billion).
Gold Reef said the deal implied an enterprise value of 11.6 billion rand. The company disclosed Aug. 13 it was in exclusive talks with the buyout group, which also includes Gold Reef management and black investors.
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