An investor consortium led by South African private equity firm Ethos Private Equity is planning to acquire the entire issued and to be issued share capital of South African gaming and entertainment company Gold Reef Resorts. If successful, this will be one of the largest private equity-led transactions in South Africa to date. The consortium is offering ZAR34 a share, representing an estimated enterprise value of ZAR11.4bn (approximately $1.57bn).
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