NEW YORK Cendant Corp. reported that RCI Europe, a wholly-owned subsidiary, completed its previously announced acquisition of RCI Southern Africa Ltd. The transaction is expected to be immediately accretive to Cendants earnings per share and cash flow.
RCI Southern Africa operates in the timeshare exchange industry in southern Africa, Australia, New Zealand and Fiji. RCI has more than 180,000 members in South Africa, and 50,000 members in the Pacific region. (2/28/01)