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Grand Parade Investments to acquire Carentan Investments

Deal In Brief

Nov 05, 2009 (Datamonitor Financial Deals Tracker via COMTEX) --

Investment holding company Grand Parade Investments Limited (GPI), through its subsidiary GPI Slots (Pty), Ltd. has entered into an agreement to acquire 100% of the issued share capital of Carentan Investments (Proprietary) Limited plus shareholders loan accounts from Wintech Investments (Proprietary) Limited for ZAR170 million ($21.71 million) in cash. All the entities, except Wintech Investments, are based in South Africa.

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