THEBE Tourism Group and Cullinan Holdings have called off their proposed merger. Vusi Khanyile, chairman of Thebe Investment Corporation says this is a result of the “stated intentions of the deal no longer being achievable”. Initially the two businesses were going to merge to form an enlarged group with a focus on tourism and related activities, with a significant shareholding and involvement by Thebe. Sue Lewitton (suel@nowmedia.co.za)
Thebe and Cullinan call off merger
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